Question: ( Related to Checkpoint 5 . 2 ) ( Calculating future value ) Bob Terwilliger received $ 1 6 , 6 4 7 for his
Related to CheckpointCalculating future value
Bob Terwilliger
received
$
for his services as financial consultant to the mayor's office of his hometown of
SpringfieldSpringfield.
BobBob
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 has left the account in his will to the city of
Springfield
on the condition that the city could not collect any money from the account for
years. How much money will the city receive from
BobBobs
generosity in
years
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