1. Determining the Future Value of Education. Jenny Franklin estimates that as a result of completing her master’s degree, she will earn $7,000 a year more for the next 40 years.
a. What would be the total amount of these additional earnings?
b. What would be the future value of these additional earning based on an annual interest rate of 6 percent?

Q: 1. Determining the Future Value of Education. Jenny Franklin estimates that as a result of completing her master’s degree, she will earn $7,000 a year more for the next 40 years.
a. What would be the

total amount of these additional earnings?
b. What would be the future value of these additional earning based on an annual interest rate of 6 percent?

1. Determining the Future Value of Education. Jenny Franklin estimates that as a result of completing her master’s degree, she will earn $7,000 a year more for the next 40 years. a. What would be the total amount of these additional earnings? b. What would be the future value of these additional earning based on an annual interest rate of 6 percent?

Original conversation

User: 1. Determining the Future Value of Education. Jenny Franklin estimates that as a result of completing her master’s degree, she will earn $7,000 a year more for the next 40 years.
a. What would be the total amount of these additional earnings?
b. What would be the future value of these additional earning based on an annual interest rate of 6 percent?

User: Determining the Future Value of Education. Jenny Franklin estimates that as a result of completing her master’s degree, she will earn $7,000 a year more for the next 40 year
b. What would be the future value of these additional earning based on an annual interest rate of 6 percent?

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