QUESTION 3 John Lewis offers two payment methods to Jack for his new sofa: he could make a single payment of £2000 in 6
Posted: Wed May 18, 2022 11:44 pm
- Question 3 John Lewis Offers Two Payment Methods To Jack For His New Sofa He Could Make A Single Payment Of 2000 In 6 1 (97.5 KiB) Viewed 40 times
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QUESTION 3 John Lewis offers two payment methods to Jack for his new sofa: he could make a single payment of £2000 in 6 months' time or single payment of £2200 in 9 months' time. Assuming a discount rate of 6% nominal compounded monthly, which payment will cost less.