4.1 - FV = PV x (1 + i)^n FV= 10,000 x (1+.10)^5 FV=...

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4-1 If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years? Future Value = Present Value x (1 + interest) times number of time period
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Unformatted text preview: FV = PV x (1 + i)^n FV= 10,000 x (1+.10)^5 FV= $16,105.10 ( http://www.accountingcoach.com/online-accounting-course/84Xpg01.html#future-value-introduction )...
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