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Begining of the year or at the end of the year

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You just sold one of your cars for 20,000, and plan on using this money to invest. In addition to the 20,000, you plan on saving 18,000 a year each ear for the next 30 years. the investments will earn 8% annually. After solving for the future value ofthis invrestment, you are blown away by how large the investment will be in 30years. You can invest the 18,000 at the begining of each year or at the end of each year. what is the differance in the future values depending on if you save the 18,000 at the begining of the year or at the end of the year?

Reference no: EM131808710

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