Make the initial deposit today rather than ten years

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You can deposit $11,000 into an account paying 7% annual interest either today or exactly 10 years from today. ow much better off will you be at the end of 35 years if you decide to make the initial deposit today rather than 10 years from today?

The future value at the end of 35 years if you deposit $11,000 at 7% today is?

Reference no: EM131300371

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