### Two choices for compensation

Assignment Help Basic Computer Science
##### Reference no: EM131074889

Mr. Vasquez has been given two choices for his compensation. He can have \$20,000 cash plus \$500 per month for 10 years, or he can receive \$12,000 cash plus \$1000 per month for 5 years. If the interest rate is 8%, which is the better offer?

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