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You invest $10,000 today and expect to sell your investment for $20,000 in 10 years. Is this a good deal if the interest rate is
You invest $10,000 today and expect to sell your investment for $20,000 in 10 years. Is this a good deal if the interest rate is 6%?
| A. | Yes as the FV after 10 years is $5,583.94 | |
| B. | Yes as the FV after 10 years is $ 17,908.50 | |
| C. | No as the FV after 10 years is $5,583.94 | |
| D. | No as the FV after 10 years is $ 17,908.50 |
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