+0  
 
0
85
1
avatar+273 

An investment of $10,000 is made in a government bond that will pay 6% interest compounded annually. At the end of five years, what is the total number of dollars in this investment? Express your answer to the nearest whole number.

 Aug 17, 2020
 #1
avatar
0

FV = $10,000 x 1.06^5

FV = $10,000 x  1.3382255776

FV = $13,382.26

 Aug 17, 2020

55 Online Users

avatar
avatar