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Tammy has $3950 that she wants to invest in stock. She believes she can earn a...

Tammy has $3950 that she wants to invest in stock. She believes she can earn a 14% annual return. What would be the value of Tammys investment in 10 years if she’s able to achieve her goal?
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Answer #1
PV 3,950.00
r 14.0000%
n 10
FV= PV*(1+r)^n
Where,
FV= Future Value
PV = Present Value
r = Interest rate
n= periods in number
= $3950*( 1+0.14)^10
=3950*3.70722
= $14643.52
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