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personal finance Krista Lee can purchase a service contract for all of her major appliances for $300 a year. If the appliances are expected to
personal finance
Krista Lee can purchase a service contract for all of her major appliances for $300 a year. If the appliances are expected to last for 18 years and she earns 9 percent on her savings, what would be the future value of the amount Krista will pay for the service contract? (Exhibit 1-A, Exhibit 1-B, Exhibit 1-C, Exhibit 1-D) Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and final answer to 2 decimal places Step by Step Solution
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