Which vendors plan is preferred

Reference no: EM13692553

Three office furniture firms that offer different payment plans have responded to a request for bids from a state agency.

Price payment schedule

Office more $185,000 50% now, 25% in 6 months

25% in 1 year

Office more 182,000 50% now, 50% in 6 months

Office more 198,000 100% in 1 year

a) Develop a choice table for nominal interest rates from 0% to 50%

b) if the agency's MARR is 10%, which vendor's plan is preferred?

Reference no: EM13692553

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