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As a settlement for an insuranceclaim, Craig was offered one of two choices. He could either accept alump-sum amount of $4809 now, or accept quarterly

As a settlement for an insuranceclaim, Craig was offered one of two choices. He could either accept alump-sum amount of $4809 now, or accept quarterly payments of $165 for the next eight years. If the money is placed into a trust fund earning 3.63% compounded semi-annually, which is the better option and by howmuch?

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