Time value$$Personal Finance Problem$$ You can deposit $$$$9,000$ into an account paying $9\%$ annual interest either today or exactly $5$ years from today. How much better off will you be $40$ years from now if you decide to make the initial deposit today rather than $5$ years from$$ today?

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Part $1$

The future value at the end of $40$ years if you deposit $$$$9,000$ at $9\%$ today is $$$

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