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Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the...

Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated interest rate after the stated amount of time. HINT [See Quick Examples 1 and 2.]

4% per year, compounded quarterly (4 times/year), after 8 years

FV = $

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Answer #1

By using compound interest formula:

FV = 13749.41

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