Question: tion Completion Status: A Moving to another question will save this response. Question 1 of 3 > tion 1 3 points Save Answe Alex is

tion Completion Status: A Moving to another question will save this response. Question 1 of 3 > tion 1 3 points Save Answe Alex is purchasing a new product. He can pay either $300 now or $175 now and another $225 6.5 years from now. In terms of today's dollar, by how much the best option is cheaper than the worst one? Money is worth 7.3% compounded monthly

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