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3 years ago

14

A $100 deposit today that earns an annual interest rate of 10% is worth how much at the end of two years? assume all interest

received at the end of the first year is reinvested the second year.
a. $121

1 answer:

Alexxx [7]3 years ago

6 0

Fv=100×(1+0.1)^(2)=121

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To learn more about Compound interest, refer to the link:

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