31.1k views
1 vote
A security firm is offered​ $80,000 in one year for providing cctv coverage of a property. the cost of providing this coverage to the security firm is​ $74,000, payable​ now, and the interest rate is​ 8.5%. should the firm take the​ contract?

User Ziqi Liu
by
8.2k points

1 Answer

3 votes
no since he will only be making $8,800
User Matticustard
by
8.0k points