Future Value: A future value represents the value of a dollar in future for the investment made today or in present. The investment prospect money makes the present dollar available more valuable than the future dollar. To determine: Computation of future value of David’s investment of $6,000 at 7% after 4 years

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Chapter 26, Problem S26.11SE

To determine

Future Value:

A future value represents the value of a dollar in future for the investment made today or in present. The investment prospect money makes the present dollar available more valuable than the future dollar.

To determine:

Computation of future value of David’s investment of $6,000 at 7% after 4 years

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