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Suppose you have three options for settling a loan from the JP Morgan. Option A will provide $ 1 , 5 0 0 a month
Suppose you have three options for settling a loan from the JP Morgan. Option A will provide $ a month for years. Option B will pay $ a month for years. Option C offers $ as a lump sum payment today. The applicable discount rate is percent, compounded monthly. Which option should you select, and why?
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