Question: By choosing a less expensive component, you can save $1,000 now but there will be an additional expense of $1,500 10 years from now. If

By choosing a less expensive component, you can save $1,000 now but there will be an additional expense of $1,500 10 years from now. If you invest the $1,000 at 5% interest compounded annually, will the investment pay for the added expense?

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