Using the Future Value (Due) Chart. An interactive Future Value (Due) Chart is available in this textbook's Online Learning Centre (OLC). Go to the OLC's Student Edition. In the navigation ar, select "Chapter 12" in the drop-down box. In the list of resources for Chapter 12, select "Links in Textbook" and then click on the link named "Future Value (Due) Chart". Use this chart to solve the following problems (rounded to the nearest dollar).
Your client plans to invest $10,000 at the beginning of each year for the next 14 years. If the invested funds earn 9.1% compounded annually, what will be the total accumulated value after 14 years? (Taken from CIFP course materials.)
Correct Answer:
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