Question: Question content area top Part 1 Calculate the future value of $ 5 comma 0 0 0 5 , 0 0 0 in a .

Question content area top
Part 1
Calculate the future value of
$5 comma 0005,000
in
a.
1010
years at an interest rate of
10%10%
per year.
b.
2020
years at an interest rate of
10%10%
per year.
c.
1010
years at an interest rate of
20%20%
per year.
d. Why is the amount of interest earned in part
(a)
less than half the amount of interest earned in part
(b)?

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