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You will need at least $5,700 in four years and your friend says she can either loan you $5,700 all at once four years from
You will need at least $5,700 in four years and your friend says she can either loan you $5,700 all at once four years from now at the end of each year for the next four years. Your savings account earns 12% interest, compounded annually. Which option would be worth more to you four years from now, and how much more? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) r she can deposit $1,425 in your savings account O The annual deposits will be worth $1,111 more than the $5,700 in four years. O The $5,700 in four years will be worth $919 more than the annual deposits. O The $5,700 in four years will be worth $1,111 more than the annual deposits. The annual deposits will be worth $919 more than the $5,700 in four years
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