Determine the future value on January 1, 2022, for the amount of $20,000 deposited on January 1, 2016 at an annual interest rate of 10%, using compound interest.

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Chapter M, Problem 1RE

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Determine the future value on January 1, 2022, for the amount of $20,000 deposited on January 1, 2016 at an annual interest rate of 10%, using compound interest.

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