Question
If a person spends $8 a week on coffee (assume $400 a year), what would be the future value of that amount over 9 years
If a person spends $8 a week on coffee (assume $400 a year), what would be the future value of that amount over 9 years if the funds were deposited in an account earning 1 percent? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to 2 decimal places.)
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
