You can deposit$13,000 into an account paying 13% annual interest either today or exactly 10 years from today. How much better off will you be 25 years from now if you decide to make the initial deposit today rather than 10 years from today?

The future value at the end of25years if you deposit$13,000at 13% today is $enter your response here.(Round to the nearest dollar.)

Part 2

The future value at the end of25 years if you deposit$13,000 at13%10years from today is$enter your response here.(Round to the nearest dollar.)

Part 3

If you invest the$13,000now instead of waiting for10years to make the investment, you would be better off by$enter your response here.

(Round to the nearest dollar.)