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Please help ASAP math question

Please help ASAP math question
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1 vote
Please help ASAP math question

Please help ASAP math question-example-1
User Krutik Jayswal
by
9.0k points

1 Answer

7 votes

Answer:


14000( {1.07}^(7) ) = 22480.94

$22,480.94 > $20,400, so accepting the $14,000 prize now would be more profitable in 7 years.

User Karthikeyan D
by
8.0k points
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