Question

What amount would you have if you deposited $7000 a year for 16 years at 7...

What amount would you have if you deposited $7000 a year for 16 years at 7 percent (compounded annually)?

Use the appropriate Time Value of Money table [Exhibit 1-A,  Exhibit 1-B,  Exhibit 1-C, OR Exhibit 1-D]

(Round your answer to the nearest whole number. Do not include the comma, period, and "$" sign in your response.)

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Answer #1

FINAL ANSWER AS PER QUESTION:

AMOUNT HAVE IN FUTURE = 195216.37 OR 195216

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