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John invests $10,000 for three years at 10% compounded annually. How much will John have after the three years?@heather040200
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10,000(1+.10)^10 10,000(1.1)^10 10,000*2.593742=$25,937.42
the equation is total=principal(1+i)^n
since i = 10% or 0.1 10,000(1.1)^3=answer
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