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As the prize in a contest, you are offered $ 2 1 , 0 0 0 now or $ 4 8 , 8 0 0
As the prize in a contest, you are offered $ now or $ in years. If the money can be invested at compounded annually, which prize will be worth more in years?
Choose the option that is most profitable after years.
accepting the $ prize now
accepting the $ prize in years
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