You are given the choice between a yearly payment of $3,652 that increases by $128 every year or a yearly payment of $3,652 that

Question

You are given the choice between a yearly payment of $3,652 that increases by $128 every year or a yearly payment of $3,652 that increases by 1.9% compounded annually. How much money would you make after 6 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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