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Mike Macaro is selling a piece of land. Two offers are on the table. Morton...

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Finance

Mike Macaro is selling a piece of land. Two offers are on the table. Morton Company offered a $40,000 down payment and $35,000 a year for the next 5 years. Flynn Company offered $25,000 down and $38,000 a year for the next 5 years. If money can be invested at 8% compounded annually, which offer is better for Mike

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