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If money can be invested at 5.8% compounded quarterly, which is larger, $14,021 now or $25,000 in 10 years? Use present value to decide. The
If money can be invested at 5.8% compounded quarterly, which is larger, $14,021 now or $25,000 in 10 years? Use present value to decide. The present value of $ in 10 years is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
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