SOLUTION: If today you put $10,000 into an account paying 10% annually, how much will there be in the account after 5 years?

SOLUTION: If today you put $10,000 into an account paying 10% annually, how much will there be in the account after 5 years?

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Question 944074: If today you put $10,000 into an account paying 10% annually, how much will there be in the account after 5 years?

Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
FV=10000(1.10)^5
FV=10000(1.611)
FV=16105.00

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