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Calculate the future value of both options

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Question - If you receive an inheritance in the amount of $150,000 today or $25,000 each year, calculate the future value of both options by the end of the tenth year. Assume a 10% interest rate.

Option 1: $368,450; Option 2: $401,600

Option 1: $375,208; Option 2: $410,950

Option 1: $389,100; Option 2: $398,425

Option 1: $394,807; Option 2: $404,420

Reference no: EM132781068

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