You can deposit ?$14,000 into an account paying 15?% annual interest either today or exactly 5 years from today. How much better off will you be at the end of 20 years if you decide to make the initial deposit today rather than 5 years from? today?
The future value at the end of
20 years if you deposit $14,000 at 15% today is ___ ?(Round to the nearest? dollar.)
The future value at the end of 20 years if you deposit $14,000 at 15?% 5 years from today is ___ (Round to the nearest? dollar.)
If you invest the $14000 now instead of waiting for 5 years to make the? investment, you would be better off by ___