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For below, why is the installation choice the better one? Thank you. 1. You have finally found an auto insurance company which will insure your

For below, why is the installation choice the better one? Thank you.

1. You have finally found an auto insurance company which will insure your

car for $750. The company offers you an option to pay the insurance in

quarterly payments of $195. Payment is due at the end of each quarter.

Would you select the installment option or take $750 from your 8% interest-

bearing savings accounts?

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