How much more must you deposit today in order to have the


Your sister just deposited $11,000 into an investment account. She believes that she will earn an annual return of 9.9 percent for the next 6 years. You believe that you will only be able to earn an annual return of 9 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 6 years?

Solution Preview :

Prepared by a verified Expert
Financial Accounting: How much more must you deposit today in order to have the
Reference No:- TGS02837453

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)