QueeeenUknown7334 QueeeenUknown7334

15-05-2024
Business

Answered

You own a thriving restaurant but are getting tired of the long hours. Rafael Sandino offers to buy the business with the following monthly payments: $2,500 at the end of each month for 36 months, followed by $3,500 for 36 months. Assuming that you can earn 12% compounded monthly, what is the equivalent cash price of Rafael's offer?

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