Your cousin deposited $3,500 today at 5.5 percent interest for 15 years. However, you can only earn 5.25 percent interest. How much more money must you deposit today than your cousin invested if you are to have the same amount saved at the end of the 15 years? (Assume annual compounding on both accounts.) $1,729.55 $89.70 $88.78 O $126.80 O None of these answers are correct

Your cousin deposited $3,500 today at 5.5 percent interest for 15 years. However, you can only earn 5.25 percent interest. How much more money must you deposit today than your cousin invested if you are to have the same amount saved at the end of the 15 years? (Assume annual compounding on both accounts.) $1,729.55 $89.70 $88.78 $126.80 None of these answers are correct