Question
To save for her newborn son's college education, Lea Wilson will invest $25,000 at the beginning of each year for the next 14 years. The
To save for her newborn son's college education, Lea Wilson will invest $25,000 at the beginning of each year for the next 14 years. The interest rate is 11 percent. What is the future value?
$107,750.
$860,125.
$835,125.
$807,616.
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Fundamentals Of Healthcare Finance
Authors: Louis C. Gapenski
2nd Edition
1567934757, 978-1567934755
