Answered: If you deposited $10,000 in a savings…

If you deposited $10,000 in a savings account that earns10 percent, how much would you have at the end of10 years? Use a convenient format to display yourcomputations and round to the nearest dollar.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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Question

If you deposited $10,000 in a savings account that earns
10 percent, how much would you have at the end of
10 years? Use a convenient format to display your
computations and round to the nearest dollar.

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