As the prize in a contest, you are offered $30,000 now or $58,800 in 9 years. If the money can be invested at 7% compounded annually, which prize will be worth more in 9 years? Choose the option which is worth more after 9 years. accepting a $30,000 prize now and investing it at 7% compounded annually accepting a $58,800 prize in 9 years

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