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If you invest $10,000 today in a savings account that earns 5% interest, compounded annually,...

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Accounting

If you invest $10,000 today in a savings account that earns 5% interest, compounded annually, how much would be in the account at the end of ten years? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to nearest dollar amount.)

Multiple Choice

  • $6,139

  • $16,289

  • $125,779

  • $77,217

Answer & Explanation Solved by verified expert
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