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Consider two investments: Invest $1000 and receive $110 at the end of each month for the next 10 months. Invest $1200 and receives $130 at
Consider two investments:
- Invest $1000 and receive $110 at the end of each month for the next 10 months.
- Invest $1200 and receives $130 at the end of each month for the next 10 months.
If this were your money, and you want to earn at least 12% interest on your money, which investment would you make, if any? Solve by Present Worth Analysis or Annual Worth analysis. State your analysis method and explain why you used that method.
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