Question: 2(a) Two contract offers are made to you. The first contract offers $10,000 at the end of each year for the next next five years

 2(a) Two contract offers are made to you. The first contract

2(a) Two contract offers are made to you. The first contract offers $10,000 at the end of each year for the next next five years and then $20,000 per year for the following 10 years. The second offer pays 10 payments, starting with $10,000 at the end of the first year, $13,000 at the end of the second, and so forth, increasing by $3000 each year (i.e., the tenth payment will be $10,000+9x$3,000). If you use a MARR of 8%, which contract should you choose? Use present worth comparisons

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