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Calculate the future value of the investment

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    Assignment ID: FG133134618

    Question – Tom and Suri decide to take a worldwide cruise. To do so, they need to save $10,000. They plan to invest $1,400 at the end of each year for the next five years to earn 10% compounded annually.

    a. Calculate the future value of the investment.

    b. Will Tom and Suri reach their goal of $10,000 in five years?

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