SOLUTION: Jessie is making a $5,000 investment that will be compounded annually at 10% for the next 10 years. What’s the future value of the original investment?
A.
$5,523
B.
$12,9
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Question 1151153: Jessie is making a $5,000 investment that will be compounded annually at 10% for the next 10 years. What’s the future value of the original investment?
A.
$5,523
B.
$12,969
C.
$13,535
D.
$13,677
Answer by MathLover1(20850) (Show Source): You can put this solution on YOUR website!
Jessie is making a $ investment that will be compounded annually at % for the next years. What’s the future value of the original investment?
a $ benefit payment
%= interest
compounded annually
years
The formula you need is:
....round it
Answer: B. $
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