Question: Problem 7-15 percent on your funds, calculate the future values of both payments. Use Appendix C to answer the question. Round your answers to the

Problem 7-15 percent on your funds, calculate the future values of

Problem 7-15 percent on your funds, calculate the future values of both payments. Use Appendix C to answer the question. Round your answers to the nearest dolla You are offered $1,100 after six years (Offer 1) or $150 a year for six years (Offer 2). If you can earn FV Offer 1): $ FV (Offer 2): $ Which offer will you accept? -Select- If you can earn 14 percent on your funds, calculate the future values of both payments. Use Appendix C to answer the question. Round your answers to the nearest dollar. FV Offer 1): $ FV Offer 2): $ Which offer will you accept, if you can earn 14 percent on your funds? -Select- Why are your answers different? The choices are different as the higher interest rate -Select

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