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Question: You deposit $10............  Edit

Answer: . Future value of annuity
Future value after 10years= $10000
Rate of interest= 9%
Present value of future amount= future value of cash inflows/(1.09) to the power of 10
=$10000/(1.09) to the power of 10
=$ 4224.1081
Future value of present amount after 20years
=$4224.1081*(1.09) to the power 20
=$23673.6367
  Edit


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