To save for her newborn son's college education, Lea Wilson will invest $1,000 at the beginning of
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Question:
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
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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