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Question 10: You are given two options: Option 1: 2,000 dollars cash on January 1st Option 2: 150 dollars on January 1st and then 100

Question 10: You are given two options: Option 1: 2,000 dollars cash on January 1st Option 2: 150 dollars on January 1st and then 100 dollars each month for twenty months beginning on February 1st I) II) What monthly IRR are both options the same? What option would you pick if the monthly rate of return is 0.85%

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