Question: Future Value of a Single Sum What is the future value on January 1, 2025, of $20,000 deposited on January 1, 2019, which accumulates interest

Future Value of a Single Sum

What is the future value on January 1, 2025, of $20,000 deposited on January 1, 2019, which accumulates interest at 10% compounded annually?

(Click here to access the PV and FV tables to use with this problem.)

Round your answer to two decimal places.

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