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QUESTION
Ali Williams, a graduate student, is considering investing $500 now, when he is 23, or waiting until he is 40 to invest $500.
Ali Williams, a graduate student, is considering investing $500 now, when he is 23, or waiting until he is 40 to invest $500. How much more money will he have at the age of 65 if he invests now, given that he can earn 5% interest compounded quarterly?
