We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
1.A=$10,000*(1.06)^10
=$10,000*1.7908477
=$17908(Approx).
2.A=$10,000*(1.06)^20
=$10,000*3.20713547
=$32071(Approx).
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