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Business, 09.02.2022 14:30 alyssavwil233

Two investment options are as follows. Choice 1: Payments of $ 2700 now, $ 3200 a year from now, and $ 3760 two years from now. Choice 2: Three yearly payments of $ 3200 starting now. Assume interest is compounded continuously. (a) If the interest rate on savings were 4.67 %, which would you prefer? equation editorEquation Editor (Type in 1 for Choice 1, or 2 for Choice 2.) (b) What is the interest rate that would make both choices equally lucrative?

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Two investment options are as follows. Choice 1: Payments of $ 2700 now, $ 3200 a year from now, and...
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