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Compare the economic values of two options given an annual rate of 7.5%. Option1 - $950in6months and $1,100in15 months. Option2 - $1,100in4 monthsand $950in 9
Compare the economic values of two options given an annual rate of 7.5%. Option1 - $950in6months and $1,100in15 months. Option2 - $1,100in4 monthsand $950in 9 months.Which option has the greater economic value, in today's dollars?
Question 7 options:
Option 1 - benefit of $51.21
Option 1 - benefit of $78.91
No difference between options
Option 2 - benefit of $78.91
Option 2 - benefit of $51.21
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