John has $10,000 to invest in a 3-year fixed-term deposit account that offers a 4% annual interest
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John has $10,000 to invest in a 3-year fixed-term deposit account that offers a 4% annual interest rate. He wants to know how much his investment will be worth at the end of the term, assuming the interest is compounded annually. Calculate the future value of John's investment at the end of the 3-year term.
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