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Q. laboratory equipment sells for $75,000. Manufacturer offices for financing at 8% annual payments for 4 years at $50,000 of the cost. The salesman is willing to cut the price by 10% if you pay cash. Illustrate what is the interest rate you would pay by financing?
Q. Assume to John Smith gets promoted to a job to cause two changes to occur simultaneously: John earns a higher wage also safer environment cause his health to depreciate less rapidly. Elucidate how these two changes would together affect John's desired health capital. Graph also Elucidate.
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