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[Solution Library] For an initial investment of $50,000 a company offers you two different options on returns over, a five year period. Option 1: Equal

Question: For an initial investment of $50,000 a company offers you two different options on returns over, a five year period.

Option 1: Equal payments of $1130 at the end of each month for 5 years.

Option 2: An initial annual payment of $7520 with a 3% increase each year until the end. of the 5 year period. (Payments begin at the end of the first year.)

If current money earns 6.31% compounded monthly, what is your best option?

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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