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Is it more profitable to receive $3,000 now or $4,500 in nine years? Assume that money earns 4% interest compounded quarterly. $4,500 in nine years

Is it more profitable to receive $3,000 now or $4,500 in nine years? Assume that money earns 4% interest compounded quarterly.

$4,500 in nine years

$3,000 now

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