If you invest $10,000 today at 10% interest, how much will you have in 10 years? (2024)

Solution:

Future value of an Investment at r% for n years is given by:

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Future Value = Initial Investment (1 + r/100)n

If r = 10% and n = 10 years

Future Value = 10000(1 + 10/100)10

= 10000(1.1)10

= 10000(2.594)

= $ 25940

Hence the required value is$ 25940.

Summary:

The future value of the investment of $10000 after 10 years at 10% will be $ 25940.

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If you invest $10,000 today at 10% interest, how much will you have in 10 years? (2024)
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