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Answer with the STEPS please Your older sister deposited $5,000 today at 8.5 percent interest for 5 years. You would like to have just as

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Answer with the STEPS please

Your older sister deposited $5,000 today at 8.5 percent interest for 5 years. You would like to have just as much money at the end of the next 5 years as your sister will have. However, you can only earn 7 percent interest. How much more money must you deposit today than your sister did if you are to have the same amount at the end of the 5 years? $321.19 $360.43 $387.78 $401.21 $413.39

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