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Time value

Personal Finance Problem

You can deposit ?$5,000 into an account paying 11?% annual interest either today or exactly 10 years from today. How much better off will you be at the end of 30 years if you decide to make the initial deposit today rather than 10 years from? today?

The future value at the end of 30 years if you deposit ?$5,000 at 11?% today is ?$ ____. (Round to the nearest? dollar.)

The future value at the end of 30 years if you deposit ?$5,000 at 11?% 10 years from today is ?$_____. ?(Round to the nearest? dollar.)

If you invest the ?$5,000 now instead of waiting for 10 years to make the? investment, you would be better off by ?$______.? (Round to the nearest? dollar.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92401817

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