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Your older sister deposited $ 2 , 0 0 0 today at 6 . 5 percent interest for 5 years. You would like to have

Your older sister deposited $2,000 today at 6.5 percent interest for 5 years. You would like to have just as much money at the end of the next 5 years as your sister will have. However, you can only earn 6 percent interest. How much more money must you deposit today than your sister did if you are to have the same amount at the end of the 5 years?
Multiple Choice
$32.19
$47.62
$38.78
$40.21
$53.39

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