Chapter 2 Financial Planning Exercise 12 Calculating expected future value of investments Jessica Wright has always been interested in stocks. She has decided to invest $1,500 once every year into an equity mutual fund that is expected to produce a return of 8 percent a year for the foreseeable future, Jessica is really curious how much money she can reasonably expect her investment to be worth in 25 years. What would you tell her? Round PVA-factor to three decimal places. Round the answer to the nearest cent