Future Value [2910]

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Joan has $10,000 now and expects to have an additional $20,000 at the end of three years.  How much will she have at the end of 10 years if a reasonable interest rate is 8%?

 

Column

Rate

Years

Amount

Factor

Value

1

8.0%

10

$10,000

2.158925

$21,589

1

8.0%

7

$20,000

1.713824

$34,276

 

 

 

 

 

$55,866


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