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I need the calculations also, only do by formula, so that i can learn. with concept please, answer is (c) i know, so explain pls
I need the calculations also, only do by formula, so that i can learn. with concept please, answer is (c) i know, so explain pls only by formula
You have a choice of $2000 now or $250 now with $80 a month for 2 years. The nominal interest rate is 12% for the first situation and 10% for the second situation. Which situation would get a higher Annual Worth for you during these two years? What's the higher AW?
| The second one; 91.54 |
| The second one; 94.15 |
| The first one; 94.15 |
| The first one; 91.54 |
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