Personal Finance (8th Edition) (What's New in Finance)
Personal Finance (8th Edition) (What's New in Finance)
8th Edition
ISBN: 9780134730363
Author: Arthur J. Keown
Publisher: PEARSON
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Chapter 15, Problem 8PA
Summary Introduction

To determine:

The future value of an investment made by MJ & MS.

Introduction:

Future value is the value of an amount invested today receives in future. For example invested $1 today and the amount receive after 30 years is the future value of this $1. The discounted rate is use while calculating the future value of an investment.

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