SOLUTION: David deposited $10,000 in an account that pays 5 percent interest compounded annually. Using a calculator and the formula An = A0(1 + r)n to determine how much money he had in hi

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: David deposited $10,000 in an account that pays 5 percent interest compounded annually. Using a calculator and the formula An = A0(1 + r)n to determine how much money he had in hi      Log On

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Question 1202576: David deposited $10,000 in an account that pays 5 percent interest compounded annually. Using a calculator and the formula An = A0(1 + r)n to determine how much money he had in his account after the first 10 years.
Answer by ikleyn(52776) About Me  (Show Source):
You can put this solution on YOUR website!
.

    Substitute the given values of A0, r and n into the given formula and use your calculator.

You are fully instructed.