To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of

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To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of each year for the next 18 years. The interest rate is 12 percent. What is the future value?

1) $7,690

2) $34,931

3) $63,440

4) $55,750

Related Book For answer-question

Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: Jul 25, 2019 02:38 AM

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To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of

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Principles of Accounting

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