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Additional Earnings Assignment

Author:
February 18th, 2020

Jenny Lopez estimates that as a result of completing her master’s degree, she will earn an additional $6,000 a year for the next 40 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 10 percent? (Round time value factor to 3 decimal places and final answer to the nearest whole number.) Get Finance homework help today

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