View the step-by-step solution to: (4-1) If you deposit $10,000 in a bank account that pays 10%

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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? (4-2) What is the present value of a security that will pay $5,000 in 20 years if securities of equal risk pay 7% annually? (4-6) What is the future value of 7%, 5-year ordinary annuity that pays $300 each year? If this were an annuity due, what would its future value be?
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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?
Solution:
FV

=

$ 10,000 * (1 + .10) ^ 5

=

$ 16,105.10

(4-2) What...

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