e the future value of $10,000 in a. 5 years at an interest rate of 10% per
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Question:
e the future value of $10,000 in
a. 5 years at an interest rate of 10% per year.
b. 10 years at an interest rate of 10% per year.
c. 5 years at an interest rate of 20% per year.
d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)?
a. Calculate the future value of $10,000 in 5 years at an interest rate of 10% per year.
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