Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time.            1% per year, compounded annually, after 13 years

The future value formula is given by $FV=PV{\left(1+r\right)}^n$, where PV is the present value, r is the rate of interest and n is the number of periods.

The present value is given as PV=$10,000.

The interest rate is r=1%=0.01 and the time period is 13 years(compounded annually). So, n=13.