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Your grandparents offered you some money in either of two options. Assuming an annual interest rate of 6.0%, how would you decide which option you
Your grandparents offered you some money in either of two options. Assuming an annual interest rate of 6.0%, how would you decide which option you should choose? i. Receive $15,000 immediately ii. Receive $2,800 at the end of each six months for three years. You will receive the first check in six months O I would compare the PV of a $2,800 annuity, with an interest rate of 3% for 6 periods with $15,000. O I would compare the FV of a $2,800 annuity, with an interest rate of 3% for 6 periods with $15,000. O I would compare the PV of $16,800 (or $2,800 * 6) at an interest rate of 6% for 3 periods with $15,000. O I would compare the the PV of $16,800 (or $2,800 * 6) at an interest rate of 3% for 6 periods with $15.000
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