Answer:
$17,908.48
Explanation:
Given that
Deposited amount = $10,000
Rate of interest = 6%
Time period = 10 years
So the computation of the future value is shown below;
As we know that
Future Value = Amount × ( 1 + rate of Interest ) ^ time
= $10,000 × ( 1 + 6%) ^10
= $10,000 × 1.790847697
= $17,908.48
We simply applied the above formula
