(Answered) Membership in a fitness centre

Management Studies

Question: Janet is purchasing a membership in a fitness centre. She can pay either option 1: $350 now or option 2: pay $130 now, $150 in twelve months, and $170 in fifteen months. Which option is better if money is worth 7.5% compounded monthly? Show your calculations. Use the PV methodology. Please show steps how you get an answer and please be clear in your explanation.

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Business Management, Management Studies

Category:- Business Management
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