Mathematics, 21.10.2020 16:01 angel182

1. Becky won $108,000 by coming in first place at a chess tournament, and she has the option of receiving 4 quarterly payments of $27,000, with the first payment in 3 months, or 1 lump-sum payment of $108,000 occurring in 12 months. Once she receives her money, she plans on putting it in a savings account paying simple interest at an annual interest rate of 8.8% calculated quarterly. Becky's financial adviser told her that she'll "lose" money if she takes the lump-sum payment, and Becky wants to calculate how much she’ll "lose". HELP !! I don’t understand ! please show work

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1. Becky won $108,000 by coming in first place at a chess tournament, and she has the option of rece...

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Mathematics, 23.04.2021 05:20

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