The city you live in has a population of 80,000. City planners have estimated that the population
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Question:
The city you live in has a population of 80,000. City planners have estimated that the population will grow at 3% over the next 10 years. What is the city’s expected population in 10 years?
Data
N = 10
I/YR = 3
PV = −80,000
PMT = 0
Solve for FV =
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