Find the future value of $10,000 invested now tertve years of the annual interes s e...

Question

Question

business finance

Answer 1

Answer #1

Present value = Future value/(1+i)^n

i = interest rate per period

n= number of periods

=>

future value = 10000 * (1+8%)^5

= 14693.28

= 14690

Answer 2

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