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Your big brother deposited $10,000 today at 5% interest for 6 years. You would like to have just as much money at the end of
Your big brother deposited $10,000 today at 5% interest for 6 years. You would like to have just as much money at the end of the next 6 years as your brother. However, you can only earn 3% interest. How much more money must you deposit today than your brother did if you are to have the same amount at the end of the 6 years? $11,223.09 $2,487.63 $1,223.09 $1,648.21 None of the above
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