Computation of future value of a lump sum amount

Reference no: EM1310450

Computation of future value of a lump sum amount.

Jeanie has deposited $33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Jeanie?

Reference no: EM1310450

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