Question: Time value Personal Finance Problem You can deposit $10,000 into an account paying 6% annual interest either today or exactly 5 years from today. How
Time value Personal Finance Problem You can deposit $10,000 into an account paying 6% annual interest either today or exactly 5 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 5 years from today? The future value at the end of 40 years if you deposit $10,000 at 6% today is (Round to the nearest dollar) The future value at the end of 40 years if you deposit $10,000 at 6% 5 years from today is $ (Round to the nearest dollar) If you invest the $10,000 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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