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    jamesk486's Avatar
    jamesk486 Posts: 18, Reputation: 1
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    #1

    Jul 27, 2010, 06:14 AM
    future value
    On January 1 of the years 2012, 2013, 2014 you will invest $10,000. What will your investment be worth on January 1, 2014 if the rate of return is 10%?

    just want to make sure if the equation is right
    10,000(1.1)^2 + 10,000(1.1) + 10,000
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Jul 27, 2010, 06:42 AM
    Quote Originally Posted by jamesk486 View Post
    just want to make sure if the equation is right
    10,000(1.1)^2 + 10,000(1.1) + 10,000
    Yes - this is correct.
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