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(1 point) From the textbook: Your business associate who owes you $11550 offers to pay you either $8670 now or else to pay you 7

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(1 point) From the textbook: Your business associate who owes you $11550 offers to pay you either $8670 now or else to pay you 7 yearly installments of $1650, the first installment paid now. Assume a 5.8% market interest rate, compounded continuously. How much would you have at the end of 7 years if you choose to take the $ 8670 offer now, and you use the market to earn interest on the funds? $ How much would you have at the end of 7 years if you choose to take the installments each year, and you still used the market to earn interest on the the funds? $ Is it better to take the lump sum? - 200 000 (Y for yes, N for no.) (1 point) From the textbook: Assume a quantity is increasing by 2.3 % per year. What is the doubling time? years (Your answer should be accurate to within one decimal place.)

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