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23 March, 13:46

John invests $10,000 for two years at 10% compounded annually. how much will john have after the two years?

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  1. 23 March, 13:47
    0
    Fv = 10,000 * (1+0.1) ^ (2) = 12,100
  2. 23 March, 14:12
    0
    10,000 x 1.1^2 = $12,100
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