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Question: 1 point from the textbook two investment options are as...

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(1 point) From the textbook: Two investment options are as follows. Choice 1: Payments of $ 2600 now, $ 3200 a year from now, and $3870 two years from now. Choice 2: Three yearly payments of $ 3200 starting now Assume interest is compounded continuously (a) If the interest rate on savings were 6.43 %, which would you prefer? 2 (Type in 1 for Choice 1, or 2 for Choice 2.) (b) What is the interest rate that would make both choices equally lucrative? ll % Hint: Note: You can earn partial credit on this problem
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