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if a man invested $2000 at a rate of 4% per annum and does not withdraw for 10 years, what is his balance?

Guest Feb 23, 2017
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if a man invested $2000 at a rate of 4% per annum and does not withdraw for 10 years, what is his balance?

 

FV = PV{1 + 4%}^10

FV =2,000 x 1.04^10

FV =$2,960.49

Guest Feb 23, 2017

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