Question: please answer quickly market cannot afford such an expensive product in one single payment. As the CFO, you have decided to collaborate with the marketing

 please answer quickly market cannot afford such an expensive product in

please answer quickly

market cannot afford such an expensive product in one single payment. As the CFO, you have decided to collaborate with the marketing department to offer different deals to pay for the product over time. The options are described below. The cost of the handbag is 1 700 AED. OPTION A: Pay for the product immediately for 1 700 AED. OPTION B: Pay for the product over 6 months at a rate of 5.2% monthly compounded continuously. OPTION C: Pay the store 500 AED immediately and then pay the rest over 6 months at a rate of 7.2% monthly compounded continuously. 1. Calculate how much the customer will pay in total for OPTION B and OPTION C. (level 3-4) 2. Which option would be the best for the company? Explain the difference in the pricing options from the company's point of view. (level 1-2) 3. On the next page, the graphs of OPTION A and OPTION B are shown. Draw on the grid below OPTION C. Plot the coordinate on your graph for 6 months. (level 5-6)

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