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mxylaa mxylaa
  • 03-02-2017
  • Mathematics
Answered

Suppose your​ friend's parents invest $10,000 in an account paying 4% compounded annually. What will the balance be after 10​years?

Verified Answer :

tres1jolie
tres1jolie tres1jolie
  • 03-02-2017

using exponential function f(x)=10,000(1.04)^x

when x=10 years
the answer would be 14,802.44

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