Elijah purchases land for $340,000 cash for payments: $200,000 now, $80,000 in 1 wear, and $80,000...

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Elijah purchases land for $340,000 cash for payments: $200,000 now, $80,000 in 1 wear, and $80,000 in 2 years. Based on monthly compound rate of 6%, which option s better? Use the two options in the timeline below to answer the question. Pay cash outright. Option 2 with savings $5998.77 Option 1 with savings $6327.28 Option 2 with savings $6327.28 Elijah purchases land for $340,000 cash for payments: $200,000 now, $80,000 in 1 wear, and $80,000 in 2 years. Based on monthly compound rate of 6%, which option s better? Use the two options in the timeline below to answer the question. Pay cash outright. Option 2 with savings $5998.77 Option 1 with savings $6327.28 Option 2 with savings $6327.28

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