What is the future value, in 10 years, of a single investment of $100 made with 6% annual growth, compounding annually 5 pts

foyerir

foyerir

Answered question

2022-09-10

What is the future value, in 10 years, of a single investment of $100 made with 6% annual growth, compounding annually 5 pts

Answer & Explanation

madirans2m

madirans2m

Beginner2022-09-11Added 17 answers

Future value = 100 ( 1 + 6 / 100 1 ) 10 = 100 ( 1.06 ) 10 = $ 179.08

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