How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded annually instead of 5%.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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Please express answer accurately to the nearest cent or two decimal places. Thank you.

20.) How much more will an investment of $10,000 be worth after 25 years if it earns 6%
compounded annually instead of 5%.
Transcribed Image Text:20.) How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded annually instead of 5%.
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