26-05-2018
Business

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A $100 deposit today that earns an annual interest rate of 10% is worth how much at the end of two years? assume all interest received at the end of the first year is reinvested the second year.
a. $121

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philipscaster83 philipscaster83

26-05-2018

Fv=100×(1+0.1)^(2)=121

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