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Question 12 (6 points) Wings Golf Club is saving for a new club house and has $25,000 that it wants to invest for 10 years.

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Question 12 (6 points) Wings Golf Club is saving for a new club house and has $25,000 that it wants to invest for 10 years. Wings can invest this amount at the local credit union and earn 4.1% simple interest. Or, it can invest in a money market through a financial advisor and earn 5.3% interest, compounded annually. Which institution should Wings invest its money to maximize the earnings potential? A How much more interest will Wings earn by investing in this institution? Question 13 (6 points) Flip Flop & Co. just signed a $64 million contract to purchase supplies from another company. The contract calls for a payment of $14.7 million today, $22.8 million one year from today, and $26.5 million twb years from today. What is this contract worth today at a discount rate of 9.5%

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