# Math

Choice 1: Payments of \$ 2600 now, \$ 3200 a year from now, and \$ 3880 two years from now.
Choice 2: Three yearly payments of \$ 3200 starting now.
Modification: Interest is compounded continuously instead of annually.

(a) If the interest rate on savings were 4.86 %, which would you prefer?
(Type in 1 for Choice 1, or 2 for Choice 2.)
(b) What is the interest rate that would make both choices equally lucrative? %

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2. 👎 0
3. 👁 130
1. lol

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2. 👎 0

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