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As the prize in a contest you are offered 24 000 now or 45 300...

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Algebra

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As the prize in a contest you are offered 24 000 now or 45 300 in 8 years If the money can be invested at 9 compounded annually which prize will be worth more in 8 years Choose the option that is most profitable after 8 years accepting the 24 000 prize now accepting the 45 300 prize in 8 years

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