Jane is purchasing a membership in a fitness centre. She can pay either $520 now or...
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Jane is purchasing a membership in a fitness centre. She can pay either $520 now or pay $280 now, $180 in twelve months, and $130 in fourteen months. Which option is better if money is worth 5.6% compounded monthly? Which choice is better? O A. They are equal in value. O B. The choice of $520 now is better. O C. The choice of $280 now, $180 in 12 months and $130 in 14 months is better. The better choice is better than the alternative choice by $ in terms of today's dollar. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Jane is purchasing a membership in a fitness centre. She can pay either $520 now or pay $280 now, $180 in twelve months, and $130 in fourteen months. Which option is better if money is worth 5.6% compounded monthly? Which choice is better? O A. They are equal in value. O B. The choice of $520 now is better. O C. The choice of $280 now, $180 in 12 months and $130 in 14 months is better. The better choice is better than the alternative choice by $ in terms of today's dollar. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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