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As a settlement for an insurance claim, Craig was offered one of two choices. He...

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As a settlement for an insurance claim, Craig was offered one of two choices. He could either accept a lump sum arount of $7566 now, or accept monthly payments of 172 for the next four years the money is placed into a trust fund earning 3.3% compounded annually, which is the better option and by how much? The option is better by 50 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed) Enter your answer in the answer box Type here to search

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