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As a settlement for an insurance claim, Craig was offered one of two choices. He could either accept a lump-sum amount of $ 4,011 now,

As a settlement for an insurance claim, Craig was offered one of two choices. He could either accept a lump-sum amount of $ 4,011 now, or accept quarterly payments of $196 for the next six years. If the money is placed into a trust fund earning 6.94% compounded semi-annually, which is the better option and by how much

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