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If a person spends $24 a week on coffee (52 weeks in a year), what would...

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.

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