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If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 6 years
If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 6 years if the funds were deposited in an account earning 3 percent? Use Exhibit 1-8. (Round your discount factor to 3 decimal places and final answer to the nearest whole dollar.) Answer is complete but not entirely correct. Future value 5,732
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