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Fina L+ OE ets (CFFA 9) When you retire 35 years from now, you want to have S1.2 milion. You think you can 29 earn

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Fina L+ OE ets (CFFA 9) When you retire 35 years from now, you want to have S1.2 milion. You think you can 29 earn an average of 9 percent on your investments. To meet your goal, you are trying to decide whether to deposit a lump sum today, or to wait and deposit a lump sum 5 years from today. How much more will you have to deposit as a lump sum if you wait for S years before making the deposit

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