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Question 2: (4 marks) A customer makes two offers to settle a disputed account. He will either pay you $500 today or pay you $650

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Question 2: (4 marks) A customer makes two offers to settle a disputed account. He will either pay you $500 today or pay you $650 in three years. Which offer would you accept (keep in mind you are a rational individual and will accept the offer that results in maximum funds for you)? Assume you could earn an interest of 10.5% each year

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