What is the future value of the initial $10,000 deposit after 5 years? We assume current interest rate is = 6%, compounded monthly.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EA: You put $250 in the bank for S years at 12%. A. If interest is added at the end of the year, how...
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What is the future value of the initial $10,000 deposit after 5 years? We assume current interest rate is = 6%, compounded monthly.

   

$13,552.6

   

$13,512.5

   

$13,277.6

   

$13,488.5

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