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Time value Personal Finance Problem You can depost $14,000 into an account paying 7% annual Interest ither today or exactly 5 years trom How much

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Time value Personal Finance Problem You can depost $14,000 into an account paying 7% annual Interest ither today or exactly 5 years trom How much beter off wa you be atthe end of 40 years today you decide to make the iniial depesit today rather than 5 years from today? The future value at the end of 40 years if you deposit S14 000 at 7% nettre you invest the $14,000 ow instead of walting for 5 years to make the investment, you would be better ofl by today iss[] (Round to the nearest dolar) value atthe end of 40 years if you deposit $14 000 at 7% 5 years born today is SC] Round to the nearest dolar ) sRound to the nearest dola)

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