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You Invest $100 in a savings account at 10% compounded annually for 1 year. How much will your investment be worth after the first year?

You Invest $100 in a savings account at 10% compounded annually for 1 year. How much will your investment be worth after the first year?
asked 44.5k views
5 votes
You Invest $100 in a savings account at 10% compounded annually for 1 year. How much will your investment be worth after the first year?

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User Asonge
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8.6k points

1 Answer

5 votes
You will have $10 extra
answered
User Kohlerm
by
7.6k points
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