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28 September, 07:18

Calculate the amount in an account that earns 4.25% apr, compound monthly, for 5 years if you invest $10,000

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  1. 28 September, 09:04
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    FV = P (1+r) ^n

    FV = 10000 (1+0.0425/12) ^5*12

    FV = 10000 (1.003541666 ...) ^60

    FV = $12363.019
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