Business

Sidney Shepherd

29 May, 19:43

A person is to be paid $2000 for work done over a year. three payment options are being considered. option 1 is to pay the $2000 in full now. option 2 is to pay $1000 now and $1000 in a year. option 3 is to pay the full $2000 in a year. assume an annual interest rate of 5% a year, compounded continuously. (a) (2 pts) without doing any calculations, which option is the best option financially for the work

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