Question: What is the future value of an initial $100 after 3 years if it is invested in an account paying 10 percent annual interest? MINI

What is the future value of an initial $100 after 3 years if it is invested in an account paying 10 percent annual interest?

MINI CASE

Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the bank's evaluation process, you have been asked to take an examination which covers several financial analysis techniques. The first section of the test addresses analysis. See how you would do by answering the following questions

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