Question: A debt obligation can be settled by making a payment of $7,500 now and a final payment of $10,000 in five years. Alternatively, the obligation

A debt obligation can be settled by making a payment of $7,500 now and a final payment of $10,000 in five years. Alternatively, the obligation can be settled by payments of $750 at the end of every three months for five years with the first payment starting at the end of 3 months from today. If interest rate is 10% compounded quarterly, determine the preferred alternative if you are the borrower.

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