Jenny franklin estimates that as a result of completing her, Ask an Expert

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Jenny Franklin estimates that as a result of completing her master's degree, she will earn $15,000 a year more for the next 25 years.

(a) What would be the total amount of these additional earnings?

Additional earnings $

(b) What would be the future value of these additional earnings based on an annual interest rate of 7 percent? Use Exhibit 1-B. (Round time value factor to 3 decimal places and final answer to nearest whole dollar.) Please explain in detail and show your work.

Future value $

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