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Category > Business & Finance Posted 29 Jul 2017 My Price 7.00

Determining the Future Value of Education.

1. 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 earnings?

b. What would be the future value of these additional earnings based on an annual interest rate of 6 percent?

 

2. Comparing Living Costs. Brad Edwards is earning $45,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cost of living 12 percent higher than where he currently lives. What is the minimum salary Brad would need at his new job to maintain the same standard of living? 

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Status NEW Posted 29 Jul 2017 02:07 PM My Price 7.00

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