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Option 1 invests $100 at 12% interest for 10 years and is worth more than option 2 which invests $200 at 4% interest for 10 years. Shawn needs to set aside $188.68 today at a 6% interest rate to purchase a $200 telescope in one year. Darren will have $15.93 more than Johnny after they each earn $100 and Johnny saves it while Darren

Author

Anh Ngô Bảo

Language

EN