Question: LG 3 E5-3 this amount into an account that pays 2% annual interest, compounded monthly, what will the account balance be after 4 years? Gabrielle

LG 3 E5-3 this amount into an account that pays
LG 3 E5-3 this amount into an account that pays 2% annual interest, compounded monthly, what will the account balance be after 4 years? Gabrielle just won $2.5 million in the state lottery. She is given the option of receiv- ing a total of $1.3 million now, or she can elect to be paid $100,000 at the end of each of the next 25 years. If Gabrielle can earn 5% annually on her investments, from a strict economic point of view which option should she take

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