# P57 Time value You can deposit $10,000 into an account paying 9% annual interest either today or

## Question:

P5–7 Time value You can deposit $10,000 into an account paying 9% annual interest either today or exactly 10 years from today. How much better off will you be at the end of 40 years if you decide to make the initial deposit today rather than 10 years from today?

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

**Related Book For**

## Principles Of Managerial Finance

**ISBN:** 9780133546408

7th Edition

**Authors:** Lawrence J Gitman, Chad J Zutter