Question: 9. Which amount is worth more at 8%, compounded annually: $3,200 in hand today or $5,000 due in 5 years?

9. Which amount is worth more at 8%, compounded annually: $3,200 in

9. Which amount is worth more at 8%, compounded annually: $3,200 in hand today or $5,000 due in 5 years?

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