Please help with this problem!
We have acquired new furniture for the office. The invoice for $6,000 offers two ways to pay: we can pay the entire amount by September 1, or we can pay $3,060 by September 1 and $3,000 by January 1.
How does our decision depend on the interest rate at which we can invest our funds?
*I needs an Excel file with model along with explanation as well as the answer to the question in the problem!*