You plan on selling a machine you plan to invest any


You plan on selling a machine. You are given two options, either receiving payment of $24,000 now or a series of payments of $2000 in year 1, $4000 in year 2, $6000 in year 3, $8000 in year 4, $10000 in year 5. You plan to invest any received payments in an account that earns 7% annual interest. Which one of these should you accept?

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Financial Management: You plan on selling a machine you plan to invest any
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