Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future

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Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future value, how much total interest is earned on the original deposit, and how much is interest earned on interest?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Question Posted: Sep 23, 2014 10:25 AM

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Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future

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The 5000 investment will grow to a future value of 1296871 FV 10 5...View the full answer

Finance Applications and Theory

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