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Jason Allen is planning to invest $26,000 today in a mutual fund that will provide a return of 11 percent each year. What wil

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Answer #1

Value of the investment in 10 years is calculated using the FV function:-

=FV(rate,nper,pmt,pv)

=FV(11%,10,,-26000)

=73824.95

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Answer #2

SOLUTION :


Value of investment after10 years 

= A(1+r)^n

= 26000*(1 + 0.11)^10

= 73824.95 ($) (ANSWER)

answered by: Tulsiram Garg
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