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1. Time value Personal Finance Problem You can deposit $12,000 into an account paying 15% annual interest either today or exactly 5 years from today.

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Time value Personal Finance Problem You can deposit $12,000 into an account paying 15% annual interest either today or exactly 5 years from today. How much better off will you be 20 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 20 years if you deposit $12,000 at 15% today is $ Round to the nearest dollar

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