Solution-Choices for compensation, Mr. Vasquez has been

Choices for compensation

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Mr. Vasquez has been given two choices for his compensation. He can have $20,000 cash plus $500 per month for 10 years, or he can receive $12,000 cash plus $1000 per month for 5 years. If the interest rate is 8%, which is the better offer?

Reference no: EM131076181

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Choices for compensation : Mr. Vasquez has been given two choices for his compensation. He can have $20,000 cash plus $500 per month for 10 years, or he can receive $12,000 cash plus $1000 per month for 5 years. If the interest rate is 8%, which is the better offer?

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Choices for compensation

Reference no: EM131076181

Reference no: EM131076181

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