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Yang and Gupta both have $100,000. They decide to invest differently. Yang plans to invest in an S&P500 passive fund, with an expected return of

Yang and Gupta both have $100,000. They decide to invest differently. Yang plans to invest in an S&P500 passive fund, with an expected return of 8%. Gupta plans to invest in treasury securities, with an expected return of 3%. Who is wealthier right now based on their investment future investment plans? Explain why.

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