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7. (12 pts) Which type of growth is best? Your employer presents you with three payment options. Which would you choose? Option 1 is for
7. (12 pts) Which type of growth is best? Your employer presents you with three payment options. Which would you choose? Option 1 is for you to be paid at a constant rate of $190,000 per month for the next 2.5 years. Option 2 is for your pay to increase arithmetically by paying you $60,000 in month 1,$80,000 in month 2,$100,000 in month 3 , and so on for the same 2.5 year period. Option 3 is for your pay to increase geometrically by paying you 1cc in month 1,2c in month 2,4c in month 3 , and so on for the same 2.5 year period
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