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Law Incorporation [45]
2 years ago
11

Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after t

he stated amount of time. 1% per year, compounded annually, after 11 years
Business
1 answer:
babymother [125]2 years ago
6 0

Answer:

$11,046

Explanation:

Present value = $10,000

Interest rate = 1%

Years = 11 years annually

Future value = A(1 + i/)^n

Future value = $10,000*(1 + 0.01)^10

Future value = $10,000*(1.01)^10

Future value = $10,000*1.10462212541

Future value = $11046.2212541

Future value = $11,046

So,  the future value FV of the investment after 11 years is $11,046

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3 years ago
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2 years ago
A company is considering building a new factory, which department is most likely going to be in charge of evaluating options to
mamaluj [8]

Answer:

Explanation:

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5 0
3 years ago
Sun Co. was constructing fixed assets that qualified for interest capitalization. Sun had the following outstanding debt issuanc
inessss [21]

Answer:

the interest rate that should be determined the capitalized interest is 8.57%

Explanation:

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