Problem 2-8 Future Value of Advanced Training [LO2-5] Joshua Kelly estimates that taking some classes would result in earning $12,100 more a year for the next 25 years. Based on an annual interest rate of 4 percent, calculate the future value of these classes. (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C. Exhibit 1-D) Note: Use the appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places. Future value
Problem 2-8 Future Value of Advanced Training [LO2-5] Joshua Kelly estimates that taking some classes would result in earning $12,100 more a year for the next 25 years. Based on an annual interest rate of 4 percent, calculate the future value of these classes. (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C. Exhibit 1-D) Note: Use the appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places. Future value
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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