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QUESTION 24 you iwest S, ОООО today in a savings aucourt det eur ns 5% íveres, co npounded amad% how mach would te nthe aco
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Answer #1

Answer = $16,289

Future Value = Investment*(1+i)^n

Investment =10,000

i= Interest rate =5%

n= Period = 10 YEars

Future Value = 10,000*(1+5%)^10 = $16,289

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