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A Company just lost a lawsuit and now owes $5,500,000.However, they have structured the settlement to pay the amount 5 years from now. a.Assume they

A Company just lost a lawsuit and now owes $5,500,000.However, they have structured the settlement to pay the amount 5 years from now. a.Assume they have an investment that will pay 8.0 % (compounded quarterly). What is amount each quarter they will need to deposit to have the $5.5 Million in 5 years? b.Assume they have another investment that will pay 7.5% (compounded monthly). What is amount each month they will need to deposit to have the $5.5Million in 5 years? c.Which option do you think is better for the company and why

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