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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
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FV = $10,000 x 1.06^5

FV = $10,000 x  1.3382255776

FV = $13,382.26

 Aug 17, 2020

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