Question: ( Future value ) Bob Terwilliger received $ 1 2 , 3 4 5 for his services as financial consultant to the mayor s office
Future value Bob Terwilliger received $ for his services as financial consultant
to the mayors office of his hometown of Springfield. Bob says that his consulting
work was his civic duty and that he should not receive any compensation.
So he has invested his paycheck into an account paying percent annual interest
and left the account in his will to the city of Springfield on the condition that the city
cannot collect any money from the account for years. How much money will the
city receive from Bobs generosity in years?
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