Problemnow at t0 you invest a lump sum of 10000 in a broker, Ask an Expert

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Problem:

Now, at t=0, you invest a lump sum of $10,000 in a broker account expecting to earn 6.0% annual interest, leaving it to annually compound for the next 10 years.

Question: What future value will have accumulated in 10 years from now ( at t=10 )? Please provide all computation and formulas.

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Category:- Basic Finance
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