Calculate the future value of $5,000 earning 10 percent after 1 year, assuming annual compounding. Now, calculate

Question:

Calculate the of $5,000 earning 10 percent after 1 year, assuming annual compounding. Now, calculate the of $5,000 earning 10 percent after 20 years.
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...