Business, 26.02.2020 19:28 taliajohnsom8362

Chris has three options for settling an insurance claim. Option A will provide $1,500 a month for 6 years. Option B will pay $1,025 a month for 10 years. Option C offers $85,000 as a lump sum payment today. The applicable discount rate is 6.8 percent, compounded monthly. Which option should Chris select, and why, if he is only concerned with the financial aspects of the offers

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Chris has three options for settling an insurance claim. Option A will provide $1,500 a month for 6...

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