Suppose your friend's parents invest $10,000 in an account paying 4% compounded annually. What will the balance be after 10years?

asked Jan 2, 2018 54.4k views

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using exponential function f(x)=10,000(1.04)^x

when x=10 years
the answer would be 14,802.44

Paweldac answered Jan 7, 2018

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