Question: Jane is purchasing a membership in the local Chamber of Commerce to promote her business. She can pay either $350 now or pay $130 now,

Jane is purchasing a membership in the local Chamber of Commerce to promote her business. She can pay either $350 now or pay $130 now, $150 in 12 months, and $170 in 15 months. Which option is better if money is worth 7.5% compounded monthly?

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