Question
You can deposit $ 6,000 into an account paying 8% annual interest either today or exactly 10 years from today. How much better off will
You can deposit $ 6,000 into an account paying 8% annual interest either today or exactly 10 years from today. How much better off will you be at the end of 20 years if you decide to make the intial deposit today rather than 10 years from today?
1) The future value at the end of 20 years if you deposit $6,000 today is? Round to the nearest cent
2) The future value at the end of 20 tears if you deposit $ 6,000 at 8% 10 years from today is? Round to the nearest dollar
3) If you invest the $ 6,000 now instead of waitinf the 10 years , you would be better off by? Round to the nearest dollar
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