Retirement investment advisor, inc., has just offered you an annual interest rate of 5.7 percent until you retire in 45 years. you believe that interest rates will increase over the next year and you would be offered 6.3 percent per year one year from today. if you plan to deposit $16,500 into the acount either this year or next year, how much more will you have when you  retire if you wait one year to make your deposit???

Answer rating: 100% (QA)

Option 1 Deposit made this year at an interest rate of 57 for 45 year... View the full answer