View the step-by-step solution to:

Suppose you invest \$10,000 at the end of every year for the next 10 years.

Suppose you invest \$10,000 at the end of every year for the next 10 years. Given a rate of 6% per year, what will be the total value of your investment (a total of 10 yearly investments) 10 years from now?

\$73,600.87

\$131,807.95

\$106,000.00

\$179,084.77

Let me explain the... View the full answer

Total Value of... View the full answer

1 comment
• calculated by Formula = PMT *(1+rate)^n-1 / rate * (1+rate)
• rranjan1
• May 09, 2018 at 10:24pm

The correct option is (B)... View the full answer

Future Value: The future value is the money which is received by the investors in the future at... View the full answer

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