Question: IncorrectQuestion 11 0 / 1 pts Mike would like to subscribe to Spotify for the next 48 months (the first payment is due one month

IncorrectQuestion 11 0 / 1 pts Mike would like to subscribe to Spotify for the next 48 months (the first payment is due one month from today). The monthly charge of Spotify is $6. On the other hand, Mike can use Amy's Spotify account if he is willing to pay her a one-time fee today. Suppose the monthly interest rate is .75%. Under which of the following fees would Mike pay Amy and use her account rather than buying his own account? A. $400 B. $240 C. $200 D. Mike would pay Amy and use her account under both (B) and (C)

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