Assume you have $10000 to invest for 10 years. You can invest in a certificate of deposit at 8.5 percent or a 10 year, tax-deferred annuity at 8.5 percent. Assume a 33 percent federal tax bracket. Use Exhibit on photo to find your accumulated account values. Which investment is better and by how much?

Percent Year 6% 1.276 1.338 1.403 1.340 1.419 1.501 1,504 1.407 1.606 1.594 1.477 1.838 1.551 1.689 1.967 1.791 1.629 B. Future Value of a Series of Annual Deposits (annuity) Percent 5% Year 5.526 5.637 5.751 6.802 6,975 8.142 8.394 9549 8.65 10,260 11.027 13816 13.181 12.578 1.469 1.S87 1.714 1.851 1.999 2.159 5.867 8.923 10,637 12.488 1.539 1.677 1.828 1.993 2.367 7523 9.200 11.028 13.021 15, 193