Three office furniture firms that offer different pay-ment
Chapter , Problem 8-21(choose chapter or problem)
Three office furniture firms that offer different pay-ment plans have responded to a request for bids froma state agency.Price Payment ScheduleOfficeLess $185,000 50% now,25% in 6 months,25% in 1 yearOfficeMore 182,000 50% now,50% in 6 monthsOfficeStation 198,000 100% in 1 year(a)Develop a choice table for nominal interest ratesfrom 0% to 50%.(b)If the agencys MARR is 10%, which vendorsplan is preferred?
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