What is the future value of an initial $100 after 3 years if it is invested in an account paying 10 percent annual interest?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
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Future value
What is the future value of an initial $100 after 3 years
if it is invested in an account paying 10 percent annual
interest?
Transcribed Image Text:What is the future value of an initial $100 after 3 years if it is invested in an account paying 10 percent annual interest?
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