Question: Time value Personal Finance Problem You can deposit $ 13 comma 13,000 into an account paying 8 % annual interest either today or exactly 5

Time valuePersonal Finance Problem You can deposit $13 comma 13,000 into an account paying 8% annual interest either today or exactly 5 years from today. How much better off will you be at the end of 30 years if you decide to make the initial deposit today rather than 5 years fromtoday?

The future value at the end of 30 years if you deposit $13, 000 at 8% today is $_______. (Round to the nearestdollar.)

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