Question: Assume the same facts as E7- 17, except that JayZ is required to make the annual payments at the end of the year. Would his

Assume the same facts as E7- 17, except that JayZ is required to make the annual payments at the end of the year. Would his decision be the same?
In E7-17 JayZ reports outstanding debt on his of $ 250,603. He has two options to settle the debt: He can either pay $ 650,000 at in 10 years or he can make annual payments of $ 38,500 for 10 years. Payments are due at the beginning of each year. Interest is compounded annually. If JayZ is given an interest rate of 10%, which option should he select?

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