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realthug
 one year ago
John invests $10,000 for two years at 10% compounded annually. How much will John have after the two years?@britbrat4290
realthug
 one year ago
John invests $10,000 for two years at 10% compounded annually. How much will John have after the two years?@britbrat4290

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britbrat4290
 one year ago
Best ResponseYou've already chosen the best response.1A = 10,000 (1 + 0.1) ^ 2 $12,100

Hero
 one year ago
Best ResponseYou've already chosen the best response.0The formula for annual compounding is: \[A = P(1 + r)^t\] A=Account Balance P=Principal r=rate (decimal form) t=time (in years)
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