Solution:
The future value of an investment at r% in n years is given by:
Future value = original investment (1 + r/100)N
If r = 10% and n = 10 years
Future value = 10,000(1 + 10/100)10
= 10.000(1,1)10
= 10.000(2.594)
= 25940 USD
Therefore, the required value is $25940.
Cv:
The future value of the $10,000 investment after 10 years at 10% will be $25940.
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