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MATH 11-Mr. Vasquez has been given two choices for his compensation.

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June 7th, 2024

Mr. Vasquez has been given two choices for his compensation. He can have $20,000 cash plus $500 permonth for 10 years, or he can receive $12,000 cash plus $1000 per month for 5 years. If the interest rate is8%, which is the better offer?

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