If money can be invested at 3.7% compounded quarterly, which is larger, $659 now or $1000 in 10 years? Use present value to

Question

If money can be invested at 3.7% compounded quarterly, which is larger, $659 now or $1000 in 10 years? Use present value to decide.
The present value of $1000 in 10 years is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
Which value is larger?
A. $659 now
B. $1000 in 10 years

Kunduz · Accepted Answer

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