Purchasing it equipment for your organization

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Reference no: EM132030787

You are interested in purchasing IT equipment for your organization. You are given the choice to pay $15,500 cash now or make four payments: $5,000 now, $2,500 at the end of the following two years, and $3,500 at the end of the third year. If you cost of money is 2.5%, which do you prefer?

Reference no: EM132030787

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