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Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 3.5% per year, compounded quarterly (4 times/year), after 6 years FV = $58333.21 X

Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 3.5% per year, compounded quarterly (4 times/year), after 6 years FV = $58333.21 X

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 3.5% per year, compounded quarterly (4 times/year), after 6 years FV = $58333.21 X
Transcribed Image Text:Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 3.5% per year, compounded quarterly (4 times/year), after 6 years FV = $58333.21 X
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