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1. Use the future value formula to answer the following questions. a. If you can earn 8% on your investments and you can invest $1,000

1. Use the future value formula to answer the following questions.

a. If you can earn 8% on your investments and you can invest $1,000 today. How much will you have at the end of 1 year?

b. If you can earn 8% on your investments and you can invest $1,000 today. How much will you have at the end of 2 years?

c. If you can earn 8% on your investments and you can invest $1,000 today. How much will you have at the end of 3 years?

d. What happens to the future value of our investment as time increases?

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