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Joshua Kelly estimates that taking some classes would result in earning $10,000 more a year for...

Joshua Kelly estimates that taking some classes would result in earning $10,000 more a year for the next 50 years. Based on an annual interest rate of 8 percent, calculate the future value of these classes. 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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Expert Solution

EXHIBIT 1-B MISSING. SO I USED FORMULA AND CALCULATED THE TIME VALUE FACTOR AND ROUNDED TO 3 DECIMALS.

jeff jeffy answered 5 months ago
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