Mathematics, 04.05.2021 06:40, camzs

Unit 6 Homework 4: Which is Better? Assume that you win a prize after playing a trivia game from a radio station. You are given two options
on how to collect the money.
Option 1: The radio station can pay you $1000 each month for 18 months.
Option 2: The radio station will invest $10,000 with an annual percentage rate of 15% compounded
monthly for 18 months plus $4000 for waiting.
Which option would you choose? Show all the math that helps you come up with your answer.

Answers: 2

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Unit 6 Homework 4: Which is Better? Assume that you win a prize after playing a trivia game from a...