Answer asap showing all steps please. A contract between two parties (company...
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Answer asap showing all steps please.
A contract between two parties (company C \& D) was created such that in return for services rendered, company C could have two options for repayment. Option 1 would have payments of $10,000 in quarter 4 , $20,000 in quarter 8 , and $30,000 in quarter 12 . Alternatively, under Option 2, Company C could pay two equal amounts now and in quarter 12 . If interest on the contract is 8.2% compounded monthly, determine the value of the lump sum payments that should be written in the contract. When entering your answer, round your values to two decimal places, and use a $ symbol as well as the correct comma separator. For example \$1,234.56
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