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Mr . Fritz Jacobs set the tennis record in a game at JSU. For this achievement, he gets to choose between a $ 7 5
Mr Fritz Jacobs set the tennis record in a game at JSU. For this achievement, he gets to choose between a $ cash prize paid immediately or $ per yearfor years. He already has enough money for now so he decided on the annual installments. However, he is considering the following two investment options:
a Save the winnings for the first years and then spend every cent of the winnings in the remaining years he collects.
b Spend every dime for the first years then save the remaining years of winning collected.
i Draw the cash flow diagram for each option.
ii Also, if Community Bank is advertising that they can give you a savings interest at per year, how much would each option payout after the installments end? pts
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