Question: i need help in this question, i have only 30 minutes, please do it correctly Simple/Compound Interest Homework Assignment You deposit 10,000 in a bank

i need help in this question, i have only 30 minutes, please do it correctly

do it correctly Simple/Compound Interest Homework Assignment You deposit 10,000 in a

Simple/Compound Interest Homework Assignment You deposit 10,000 in a bank that pays 5 percent simple interest. If you would have deposited the money in a bank that pays 5 percent compound interest (annually) how much more money would you have after 10 years? $1,288.95 Time Value of Future Value 1. The FUTURE VALUE (FV) is the amount that an investment (lump sum deposit, asset purchase etc.) will grow to over a period of time. Time Line Simple Interest FV = Principal + (Principal X Rate X Time) Compound Interest FV = PV x (1 + r) FVIF = (1 + r) Use the Calculator (N, I/Y, PV, PMT, FV) O

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