Question
You hope to retire in 35 years. You are debating whether to deposit $47,711 into an account earning 6 percent annually today or waiting 9
You hope to retire in 35 years. You are debating whether to deposit $47,711 into an account earning 6 percent annually today or waiting 9 years before making the deposit. How much more will be in the account when you retire in 35 years if you make the deposit today as opposed to waiting 9 years to make the first deposit?
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Principles Of Managerial Finance
Authors: Lawrence J Gitman, Chad J Zutter
7th Edition
0133546403, 9780133546408
