Aunt Tillie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Tillie?

Answer rating: 100% (QA)

Future Value of Deposit Present Value 1Rate of InterestT... View the full answer