please help (c) Clover has just won an art competition. Suppose that Clover has...
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(c) Clover has just won an art competition. Suppose that Clover has an opportunity cost of capital of 8% per annum paid semi-annually and she must decide between the following two alternatives of prizes. Decide which better option for Clover? i. ii. Instalment of RM30,000 paid every end of 6 months over a 3 years period. Lump sum of RM300,000 paid 3 years later compounded annually. (6 marks)
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