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Q 6 . as a settlement for an insurance claim. Craig was offered one of two choices. he could either accept a lump - sum

Q6. as a settlement for an insurance claim. Craig was offered one of two choices. he could either accept a lump-sum amount of $2477 now, or accept quartely payments of $191 for the next four years. if the money is placed into a trust fund earning 3.21% compounded semi-annually. which is the better option and by how much?

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