If a person spends $24 a week on coffee (52 weeks in a year), what would be the future value of that amount over 7 years if the funds were deposited in an account earning 8 percent?
A financial company that advertises on television will pay you $55,000 now for annual payments of $10,000 that you are expected to receive for a legal settlement over the next 9 years. Assume you estimate the time value of money at 9 percent.
Get Answers For Free
Most questions answered within 1 hours.