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Francisco is offered two contracts in order to start his new company. The first contract costs $7.000 that pays $1,500 yearly, and the second contract

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Francisco is offered two contracts in order to start his new company. The first contract costs $7.000 that pays $1,500 yearly, and the second contract costs 56,200 and pays $1,350 yearly. Both are 6 year contracts and have a desired return of 5% per month. Which contract has a higher annual benefit? (not EUAB or EUAW) 2nd Contract 1st Contract Both are equal

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