If money can be invested at 3.7% compounded quarterly, which is larger, $659 now or...
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If money can be invested at 3.7% compounded quarterly, which is larger, $659 now or $1000 in 10 years? Use present value to decide.The present value of $1000 in 10 years is $(Do not round until the final answer. Then round to the nearest cent as needed.)Which value is larger?A. $659 nowB. $1000 in 10 years
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