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$9,800 is deposited for 10 years at 6% compounded annually, determine the FV?

$9,800 is deposited for 10 years at 6% compounded annually, determine the FV?

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Expert Solution

FV = $9800 * (1 + 6%)10

FV = $9800 * 1.790848

FV = $17,550.31

jeff jeffy answered 2 years ago
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