A forklift truck costs 29000 now a buyer agrees to purchase, Business Economics

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A forklift truck costs 29000 now a buyer agrees to purchase

A forklift truck costs $29,000 now. A buyer agrees to purchase such a truck with a single payment for the balance due in 1 year. The seller offers two interest schedules: a rate of 6%, compounded yearly, or an annual rate of 5%, compounded continuously. Which schedule should the buyer choose?

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Business Economics: A forklift truck costs 29000 now a buyer agrees to purchase

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Business Economics: A forklift truck costs 29000 now a buyer agrees to purchase

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