Future Value [2941]
Jason has $10,000. If he saves an additional $1,200 per year, how much will he have at the end of 20 years if 8% is a reasonable return?
Column
Rate
Years
Amount
Factor
Value
1
8.0%
20
$10,000
4.660957
$46,610
2
$1,200
45.761964
$54,914
$101,524
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