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You can deposit $8000 into an account paying15% annual interest either today or exactly 5 years from today. How much better off will you be
You can deposit $8000 into an account paying15% annual interest either today or exactly 5 years from today. How much better off will you be at the end of 30 years if you decide to make the initial deposit today rather than 5 years from today ?
The future value at the end of 30 years if you deposit $8000 at 15% today is
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