James Canter of Auburn, Alabama, is a good shopper. He always comparison shops and uses coupons every

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James Canter of Auburn, Alabama, is a good shopper. He always comparison shops and uses coupons every week. James figures he saves at least $40 a month as a result. Assuming an interest rate of 2 percent, what is the future value of this amount over ten years?
Future Value
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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Personal Finance

ISBN: 978-1337099752

13th edition

Authors: E. Thomas Garman, Raymond E. Forgue

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