6) Marisa has just won a contest. She must decide between two prize options. • Collect a lump-sum payment of $50 000. Receive $800 at the end of every quarter for 10 years from an investment. - The investment earns 8%/a, compounded quarterly. How much more money would she have if she chooses the lump sum? a) $3009.89 $348.92 $30.99 b) $1678.41 d)

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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6)
Marisa has just won a contest. She must decide
between two prize options.
• Collect a lump-sum payment of $50 000.
Receive $800 at the end of every quarter for
10 years from an investment.
●
The investment earns 8%/a, compounded quarterly.
How much more money would she have if she
chooses the lump sum?
a) $3009.89
$348.92
$30.99
b) $1678.41
d)
Transcribed Image Text:6) Marisa has just won a contest. She must decide between two prize options. • Collect a lump-sum payment of $50 000. Receive $800 at the end of every quarter for 10 years from an investment. ● The investment earns 8%/a, compounded quarterly. How much more money would she have if she chooses the lump sum? a) $3009.89 $348.92 $30.99 b) $1678.41 d)
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