Question
Asked Feb 5, 2020
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If you invest $10,000 at 10% for 10 years, what is the investment worth after 10 years?

 

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Expert Answer

Step 1

The formula to calculate future value is provided below:

Finance homework question answer, step 1, image 1

Step 2

The future value would be:

Finance homework question answer, step 2, image 1

...

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