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Problem $2-8$ Future Value of Advanced Training $[$LO$2-5]$

$1\mathrm{.}87$

Joshua Kelly estimates that taking some classes would result in earning $$3,700$ more a year for the next $25$ years. Based on an annual interest rate of $9$ percent, calculate the future value of these classes. $($Exhibit $1-$A$,$ Exhibit $1-$B$,$ Exhibit $1-$C$,$ Exhibit $1-$D$)$

Note: Use the appropriate factor$($s$)$ from the tables provided. Round time value factor to $3$ decimal places and final answer to $2$ decimal places.

Answer is complete but not entirely correct.

Future value

$

$28,132\mathrm{.}00$

value in exhibt b for period $25$ and $\%9$ is : $84\mathrm{.}701$