Jenny Lopez estimates that as a result of completing her masters degree, she will earn an additional

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Jenny Lopez estimates that as a result of completing her master’s degree, she will earn an additional $10,000 a year for the next 40 years.

1. What would be the total amount of these additional earnings?

2. What would be the future value of these additional earnings based on an annual interest rate of 4 percent?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 10, 2023 10:02 PM

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Jenny Lopez estimates that as a result of completing her masters degree, she will earn an additional

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To calculate the total amount of these additional earnings you simply multiply the annual additio...View the full answer

Personal Finance

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