If you have three options available to obtain new laptop; Considering that you expects to keep the laptop for five years and the interest rate of the money is 1896 compounded monthly, which payment plan should you choose? Plan A: $5,000 cash immediately Plan B: $1,500 down and 36 monthly payments of $116.25 Plan C: $1,000 down and 48 monthly payments of $120.50 Justify your selection in details
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