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A​ $100 deposit today that earns an annual interest rate of​ 10% is worth how much at the end of two​ years? assume all interest received at the end of the first year is reinvested the second year. a.
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A​ $100 deposit today that earns an annual interest rate of​ 10% is worth how much at the end of two​ years? assume all interest received at the end of the first year is reinvested the second year.

a. ​$121

User Ddelange
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1 Answer

1 vote
Fv=100×(1+0.1)^(2)=121
User Web Worm
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