Calculating Future Value. Krista Lee can purchase a service contract for all of her major appliances for
Question:
Calculating Future Value. Krista Lee can purchase a service contract for all of her major appliances for $180 a year. If the appliances are expected to last for 10 years and she earns 5 percent on her savings, what would be the future value of the amount Krista will pay for the service contract?
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