Persoanl finance

posted by .

1. Jenny Franklin estimates that as a result of completing her master’s degree, she will earn
$ 7,000 a year more for the next 40 years.

a. What would be the total amount of additional earnings?

40 yrs * 7,000/ yr = $280,000

I don't understand how to get this part?
b. What would be the future value of these additional earnings based on an annual interest rate of 6 percent?

  • Persoanl finance -

    See Sat,1-28-12,11:55am post.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Finance

    Mr fish want to build a house in 10 years. he estimates that the total cost will be $170,000. if he can put aside 10,000 at the end of the year, what rate of return must he return must he earn in order to have the amount needed?
  2. Personal Finance

    NEED HELP IMMEDIATELY, HAVE UNTIL 10P.M. CENTRAL TO HAVE ANSWERS?
  3. Finance

    determine the future value of education jenny franklin estimate that as result of completing her master degree , she will earn7000 a yeaar for the next 40 years. a. what would be the total amount of these additional earning
  4. personal finance

    Determining the future value of education. Jenny Franklin estimates that as a result of completing her master's degree, she will earn $7,000 a year more for the next 40 years. A.) what would be the total amount of these additional …
  5. finance

    An investor estimates that next year’s sales for New World Products should amount to about $75 million. The company has 2.5 million shares outstanding, gener- ates a net profit margin of about 5% , and has a payout ratio of 50% . …
  6. Personal Finance

    determining the future value of education jennyfranklin estimates that as a result of completeing her naster's degree she will earn $7,000 a year more for the next 40 years what would be the total amountof these additional earnings?
  7. Finance

    Ken Braden estimates that taking some classes would result in earning $3,500 more a year for the next 30 years. Based on an annual interest rate of 5 percent, calculate the future value of these classes.
  8. Business

    Jenny Franklin estimates that as a result of completing her master’s 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?
  9. finance

    I'm in great need of help with a finance problem. You are a small business owner and you have the opportunity to expand your facility, which will increase your production capacity over the next 5 years. The expansion will cost $60,000 …
  10. Math: Finance

    Need help solving these finance questions?

More Similar Questions