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Please provide all the steps, will upvote! Alysha has to choose between two investments that have the same cost today. Both investments will ultimately pay
Please provide all the steps, will upvote!
Alysha has to choose between two investments that have the same cost today. Both investments will ultimately pay $1,400 but at different times, as shown in the table below. If Alysha does not choose one of these investments, she could leave the funds in a bank account paying 5 percent per year. Which investment should Alysha choose? (Round answer to 2 decimal places, e.g. 125.12. Do not round your intermediate calculations.)Step by Step Solution
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