What is the future value in ten years
Problem:
Let's say I just won the lottery. What is the future value in 10 years of $1,000 payments received at the beginning of each year for the next 10 years? Assume an interest rate of 5.625%.
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Let's say I just won the lottery. What is the future value in 10 years of $1,000 payments received at the beginning of each year for the next 10 years?
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