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8. Your grandparents offered you some money. You are offered the following options. Assuming an annual interest rate of 4.0%, which option should you choose?

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8. Your grandparents offered you some money. You are offered the following options. Assuming an annual interest rate of 4.0%, which option should you choose? Show your work for each alternative a. Receive $15,000 immediately b. Receive $2,200 at the end of each six months for four years. You will receive the first check in six months c. Receive $2,500 at the end of each year for three years, and then $10,000 at the end of the fourth year

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