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Problem 7-15 You are offered $700 after four years (Offer 1 ) or $150 a year for four years (Offer 2). If you can earn

image text in transcribed Problem 7-15 You are offered $700 after four years (Offer 1 ) or $150 a year for four years (Offer 2). If you can earn 6 percent on your funds, calculate the future values of both payments. Use Appendix C to answer the question. Round your answers to the nearest dollar. FV(Offer1) :\$ FV(Offer2):$ Which offer will you accept? If you can earn 16 percent on your funds, calculate the future values of both payments. Use Appendix C to answer the question. Round your answers to the nearest dollar. FV( Offer 1):\$ FV(Offer2):$ Which offer will you accept, if you can earn 16 percent on your funds? Why are your answers different? The choices are different as the higher interest rate Check My Wor

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