When you retire 45 years from now, you want to have $1.25 million saved. You think you can earn an average of 7.2 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 five years from today to fund this goal. How much more will you have to deposit if you wait for five years before making the deposit? $13,406.78 $19,891.11 $17.414.14 $22,747.51 $20,468.85