Problem
Plan A requires a $100,000 investment now. Plan B requires an $80,000 investment now and an additional $40,000 investment at a later time. At 8% interest, compute the breakeven point for the timing of the $40,000 investment.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.