Jenny Lopez estimates that as a result of completing her masters degree, she will earn an additional $9,000 a year for the next 30 years.What would be the total amount of these additional earnings?What would be the future value of these additional earnings based on an annual interest rate of 5 percent?

Jenny Lopez estimates that as a result of completing her masters degree, she will earn an additional $9,000 a year for the next 30 years.What would be the total amount of these additional earnings?What would be the future value of these additional earnings based on an annual interest rate of 5 percent?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 22P

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