Marcie deposits $10,000 today. How much money will she have accumulated in 10 years if the funds earn 8% annually?
View the step-by-step solution to:

Question

Marcie deposits $10,000 today. How much money will she have accumulated in 10 years if the funds earn 8%

annually?


A) $21,436

B) $21,589

C) $144,866

D) $166,455

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question