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April 20, 2014

Homework Help: Business

Posted by Anonymous on Wednesday, March 13, 2013 at 12:49pm.

Jenny Franklin estimates that as a result of completing her masterís degree, she will earn $7,000 a year more 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 6 percent?

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