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How much will you have in a savings account in ten years, if you deposit...

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Accounting

How much will you have in a savings account in ten years, if you deposit $1000 in the account at the end of each year and the account earns 6% interest, compounded annually? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.)

Multiple Choice

  • $10,600

  • $17,906

  • $13,181

  • $10,000

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