SOLUTION: calculate the future value of $ 10,000 received today and deposited for 6 years in an account which pays interest of 12 percent compounded quaterly

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Question 946635: calculate the future value of $
10,000 received today and deposited for 6 years in an account which pays interest of 12 percent compounded quaterly

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=1000(1+0.12/4)^(6*4)
FV=10000(1.03)^24
FV=10000(2.0327941)
FV=$20,327.94