Assuming zero taxes calculate the future value of a 1000


Assuming zero taxes, calculate the future value of a $1,000 lump-sum contribution to a savings plan, compounded annually, at the end of: (a) five years, using a 4% rate of return; (b) thirty years, using a 8% rate of return. Show your work.

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Financial Management: Assuming zero taxes calculate the future value of a 1000
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