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
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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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
Transcribed Image Text: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
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