You are going to purchase your dream


You are going to purchase your dream home. The owner gives you the option of paying $2,000 per month for the next fifteen years (180 payments) with the first being made one month from today or paying $785,000 twenty years from now. If your interest rate is 6% (monthly), which should you take?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You are going to purchase your dream
Reference No:- TGS02302039

Expected delivery within 24 Hours