To save for your future put $10,000 into an investment. The duration of the investment is 18
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Question:
To save for your future put $10,000 into an investment. The duration of the investment is 18 years, and the interest rate is 10.24% per year. How much will be available at the end of 18 years.
Please write out the formula with explanation.
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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