5. 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 at the end of 35 years if you decide to make the initial deposit today rather than 5 years from today? What is the future value at the end of 35 years if you deposit $9,000 at 9% today?

$D (Round to the nearest dollar.)

What is the future value at the end of 35 years if you deposit $9,000 at 9% 5 years from today?

$D (Round to the nearest dollar.)

How much better off would you be if you invest the $9,000 now instead of waiting for 5 years to make the investment?

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