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What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest, compounded annually?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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What is the balance in an account at the end of 10 years if $2,500 is deposited today and
the account earns 4% interest, compounded annually?

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