Future Value: The future value is value of present amount compounded at an interest rate until a particular future date. To calculate: The amount (future value of a single amount) that D will have when he starts college.

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Chapter 12, Problem 12.15SE

To determine

Future Value: The future value is value of present amount compounded at an interest rate until a particular future date.

To calculate: The amount (future value of a single amount) that D will have when he starts college.

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