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Question: at least one of the answers above is not correct...

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At least one of the answers above is NOT correct. 2 of the questions remain unanswered (1 point) From the textbook: Your business associate who owes you $13200 offers to pay you either $11880 now or else to pay you 8 yearly installments of $1650, the first installment paid now. Assume a 5.9% market interest rate, compounded continuously. How much would you have at the end of 8 years if you choose to take the $ 11880 offe now, and you use the market to earn interest on the funds? $ How much would you have at the end of 8 years if you choose to take the installments each year, and you still used the market to earn interest on the the funds?$ Is it better to take the lump sum? YEE (Y for yes, N for no.) Note: You can earn partial credit on this problem. Preview My Answers Submit Answers
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