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  •  » Please help with the process on how to work this out

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Topic review (newest first)

bobbym
2013-05-23 03:51:52

Hi mom;

I would take the 2000 right now and invest it at the 6% compounded monthly.

mom
2013-05-23 00:57:20

Is it more profitable to receive $2000 now or $3500 in 10 years?  Assume that money can earn 6% interest compounded monthly.

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