Question: Problem 6-4 (LO6.1) A service contract for a video projection system costs $70 a year. You expect to use the system for five years. Instead

Problem 6-4 (LO6.1) A service contract for a video projection system costs $70 a year. You expect to use the system for five years. Instead of buying the service contract, what would be the future value of these annual amounts after five years if you earn 3 percent on your savings? Use Exhibit 1-B (Round time value factor to 3 decimal places and final answer to 2 decimal places.) Future value

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