please answer with details on how to do it. Thank you. If a one-time amount of $10,000 is invested for 10 years at an interest rate of 6% per year, compounded annually. How much will be in the account at the end of 20 years?

please answer with details on how to do it. Thank you. If a one-time amount of $10,000 is invested for 10 years at an interest rate of 6% per year, compounded annually. How much will be in the account at the end of 20 years?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 25P

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.please answer with details on how to do it. Thank you.

If a one-time amount of $10,000 is invested for 10 years at an interest rate of 6% per year, compounded annually. How much will be in the account at the end of 20 years?

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