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If a person spends $21 a week on coffee (52 weeks in a year), what would be the future value of that amount over 13 years if the funds were deposited in an account earning 9 percent?
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Answer #1

N = 13*52, PV = 0, PMT = 21, rate = 9%/52

use FV funciton in Excel

future value of the amount = 26,920.66

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