As the prize in a contest you are offered 1000 now or 1210
1. As the prize in a contest, you are offered $1,000 now or $1210 in 5 years. If money can be invested at 6% compounded annually, which is larger?
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1 as the prize in a contest you are offered 1000 now or 1210 in 5 years if money can be invested at 6 compounded
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