You have provided your friend with a service worth $8,500.Your friend offers you the following sequence of end-of-year cash flows instead of paying $8,500 today.Should you accept his offer if your opportunity cost is 8 percent?

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The Answer of You have provided your friend with a service worth $8,500.Your friend offers you the following sequence of end-of-year cash flows instead of paying $8,500 today.Should you accept his offer if your opportunity cost is 8 percent?

You Have Provided Your Friend with a Service Worth $8,500