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14) Exercise 4. (5 points) Douglas invested $15,000 today for 5 years to earn interest at 8% compounded quarterly. Future value factor of a lump

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14) Exercise 4. (5 points) Douglas invested $15,000 today for 5 years to earn interest at 8% compounded quarterly. Future value factor of a lump sum 20 periods and 2% interest in 1.4859, for 5 periods and 8% interest in 1.4693, whereas the future value annuity factor for 20 periods and 2% is 24.2974. Calculate the future value of $15,000. Type your answer here

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