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Is it more profitable to receive $2000 now or $3400 in 9 years, if the money can earn 6% interest compounded quarterly? Show your work
Is it more profitable to receive $2000 now or $3400 in 9 years, if the money can earn 6% interest compounded quarterly? Show your work on an excel spread sheet.
A. $2000 now B. $3400 in 9 years
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