Question: FULL working must be presented Please present all final answers with two decimals for number. Question 4 (25 marks): Suppose you are considering two options

FULL working must be presented

Please present all final answers with two decimals for number.

FULL working must be presented Please present all final answers with two

Question 4 (25 marks): Suppose you are considering two options to lend as follows: Option 1: Lend $5,000 at the opportunity cost of 6% per year, compounded daily (365 days/year). Option 2: Lend $5,000 at the opportunity cost of 5% per year, compounded continuously. Which option will bring you $8,000 in the shortest time? (25 marks) (Show ALL workings)

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