Assume that the savings account pays

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Reference no: EM131461256

If you want to have $10,000 in 10 years, which of the following formulas represents how much money you must put in a savings account today? Assume that the savings account pays 6% and it is compounded annually.

10,000 * (1 + .06)10

10,000/(1 + .006)10

10,000/(1 + .6)10

10,000/(1 + .06)10

Reference no: EM131461256

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