Using a financial calculator or spreadsheet, calculate the future value in seven years of $10,000 invested today

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Using a financial calculator or spreadsheet, calculate the future value in seven years of $10,000 invested today in an account that pays a stated annual interest rate of 6%, compounded monthly.

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...
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Fundamentals Of Investing

ISBN: 9780134083308

13th Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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