Homework Answers
Future value is calculated as:-
=10000*(1+r)^n
=10000*1.08^7
=17138.24
Interest is equal to:-
=17138-10000
=7138.24
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Question 19 4 pts Assume that on January 1st of year 1, you deposit $10,000 into a money market account that pays 8% co...
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