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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 10 years
If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 3 percent? Use Exhibit 1-B. (Round your discount factor to 3 decimal places and final answer to the nearest whole dollar.)
Here is exhibit 1-B:
https://ezto-cf-media.mheducation.com/Media/Connect_Production/bne/finance/kapoor_7e/exhibit_1_b.htm
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