Accounting and finance for managers course has paid off

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Your grandfather has decided to give you some money, but he wants to see if your Accounting and Finance for Managers course has paid off. He is giving you the choice of (a) $7000 today (b) $10000 in 5 years or (c) $750 semi-annually for 6 years.

Assuming that you can invest at 6% compounded semi-annually, which should you choose?

Reference no: EM13829523

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