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Mr. Wanjau offers to pay Amani Furniture's either Ksh 1 million in four yearly instalments of Ksh 250,000 each starting now or simply paying

Mr. Wanjau offers to pay Amani Furniture's either Ksh 1 million in four yearly instalments of Ksh 250,000 each starting now or simply paying then a lumpsum amount of Ksh 920,000 now .Assuming a 6% interest rate compounded continuously which option should Amani Furniture's choose? (7 mks)

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