Statistics Help
Question: If a person spends $10 a week on coffee (assume $500 a year), what would be the future value of that amount over 10 years if the funds were deposited in an account earning 4 percent? Use Exhibit 1-B. (Round time value factors to 3 decimal places and final answer to the nearest dollar amount. Omit the Edit
Answer: The future value of funds is $6,003.05
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