If you are going to buy a new copier for your small business that costs $12,000, are you better off paying cash for it or making five yearly payments of $3,000 at the end of each year? Think about the future value of investing the lump sum of $12,000 versus the value of investing the $3,000 each year in an annuity, and consider two cases: one where you earn 2% on your investments and one where you earn 9%. After five years, if the $12,000 cash is invested at 2%, the total value of the account would be $ If it is invested at 9%, the total value of the account would be $ If the $3,000 payments are invested at 2%, the total value of the account would be $ If they are invested at 9%, the total value of the account would be $ Therefore, at 2%, less would be paid by paying cash and at 9%, less would be paid by making payments. (Round to the nearest cent as needed.)