What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume
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What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...
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