Problem $2-1$ Determining the Future Value of Education $[$LO$2-1]$

Jenny Lopez estimates that as a result of completing her master's degree, she will earn an additional $$7,000$ a year for the next $25$ years.

a$.$ What would be the total amount of these additional earnings?

b$.$ What would be the future value of these additional earnings based on an annual interest rate of $9$ percent? $($Exhibit $1-$A$,$ Exhibit $1-$B$,$ Exhibit $1-$C$,$ Exhibit $1-$D$)$

Note: Use appropriate factor$($s$)$ from the tables provided.

Complete this question by entering your answers in the tabs below.

Required $1$

What would be the total amount of these additional earnings?

Additional earnings