SOLUTION: (future value) $5,100 invested for 10 years at $11 compounded annually will accumulate to ? ( round to the nearest cent)
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Question 677337: (future value) $5,100 invested for 10 years at $11 compounded annually will accumulate to ? ( round to the nearest cent)
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=5100(1.11)^10
FV=5100*2.83942
FV=$14,481.05
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