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Posted on Aug 19, 2024

b ) ADB offers to pay you a lump sum of 2 0 , 0 0 0 after 5 years if you deposit 9 ,

)

ADB offers to pay you a lump sum of

20, 000

after

5

years if you deposit

9, 500

with them today. UT Bank, on the other hand, says that they will pay you a lump sum of

22, 000

after

5

years if you deposit

\frac{O}{10}, 700

with them today. Which offer should you accept, and why?

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