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Please help me with this !!

Please help me with this !!-example-1

1 Answer

5 votes

Explanation:

This is an ordinary annuity type of question :

FV = C [ ((1+i)^n) -1 )/i ] plug in the numbers

FV = 25 000 [ (1+.08)^9 -1 ]/ .08 = ~ $ 312 189

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