Question: Question Help Th e value Personal Finance Problem You an deposit $7,000 into an account paying 8% annual interest eit er today or exact y

 Question Help Th e value Personal Finance Problem You an deposit

Question Help Th e value Personal Finance Problem You an deposit $7,000 into an account paying 8% annual interest eit er today or exact y 5 years fr 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 5 years from today? The future value at the end of 40 years if you deposit S 7,000 at 8% today is (Round to the nearest dollar.) The future value at the end of 40 years if you deposit $7,000 at 8% 5 years from today is $. (Round to the nearest dollar) f you invest the $7,000 now instead of waiting for 5 years to make the investment, you would be better off by $(Round to the nearest dollar.)

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