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You can deposit $12,000 into an account paying 14% annual interest either today of exactly...

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Accounting

You can deposit $12,000 into an account paying 14% annual interest either today of exactly 5 years from today. How much better off will you be 30 years from now if you decide to make the initial deposit today rather than 5 years from today?

Question: What is the future value at the end of 30 years if you deposit $12,000 at 14% today? (Round to the nearest dollar).

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