FUTURE VALUE If you deposit $10,000 in a bank account that pays 10% interest annually, how much will be in your account after 5 years?
belongs to book: FUNDAMENTALS OF FINANCIAL MANAGEMENT|Eugene F.Brigham, Joel F. Houston|12th Edition| Chapter number:5| Question number:8
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Accounting
PV = 10,000F ?FVn=PV (1 + i)nFV5=$10,000(1.10)5=$10,000(1.61051)=$16,105.10
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