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Jenny Lopez estimates that as a result of completing her master's degree, she will earn an additional $8,000 a year for the next 25 years.
Jenny Lopez estimates that as a result of completing her master's degree, she will earn an additional $8,000 a year for the next 25 years. a. What would be the total amount of these additional earnings? b. What would be the future value of these additional earnings based on an annual interest rate of 7 percent? (Exhibit 1-A, Exhibit 1-B, Exhibit 1.C, Exhibit 1.0) Note: Use appropriate factor(s) from the tables provided. Complete this question by entering your answers in the tabs below. What would be the future value of these additional earnings based on an annual interest rate of 7 percent? Use Exhibit 1-8. Note: Round time value factor to 3 decimal places and final answer to the nearest whole number. Exhibit 1-B Future Value (Compounded Sum) of SI Paid In at the End of Each Period for a Given Number of Time Periods (an Annuity)
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