Question: M N 1 AB Problem 5-7 2 Time value. You can deposit $10,000 into an account paying 9% annual interest either today or exactly 10

M N 1 AB Problem 5-7 2 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 40 years from now if you decide to make the initial deposit today rather than 10 years from today? 2 5 Solution S 7 8 9 Initial deposit Annual interest rate Number of years, scenario 1 Number of years, scenario 2 Future value, scenario 1 Future value, scenario 2 Difference 10,000 9.096 40 30 2 3 Points 1 5 Requirements 1 In cell F11. by using cell references to the given data, calculate the future value of the original deposit for scenario 1 (deposit the amount for 40 years). 2 In cell F12. by using cell references to the given data, calculate the future value of the original for wears 1

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