SOLUTION: At the beginning of each year, Joe invests $10,000 in his retirement fund. The fund gives 10% interest, compounded annually. At the end of the third year, how much money will be in

SOLUTION: At the beginning of each year, Joe invests $10,000 in his retirement fund. The fund gives 10% interest, compounded annually. At the end of the third year, how much money will be in

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Question 1032653: At the beginning of each year, Joe invests $10,000 in his retirement fund. The fund gives 10% interest, compounded annually. At the end of the third year, how much money will be in Joe's fund?
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
End of first year: 10000 + 10%=11000
2nd year:21000+10%=23100
3rd year:33100+10%=$36410!!!!!!!!!!!!!!!
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