You are given the choice between a yearly payment of $3,981 that increases by $223 every year or a yearly payment of $3,981 that

Question

You are given the choice between a yearly payment of $3,981 that increases by $223 every year or a yearly payment of $3,981 that increases by 1.1% compounded annually. How much money would you make after 10 years if you chose the linear payment? Do not include the dollar sign in your answer. Round to the nearest cent.

Kunduz · Accepted Answer

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