How much money will be in the account in ten years


Problem

Your electronics company has the potential to make a profit of $1,000,000 per year for 10 years. If the company puts all of this money in a bank account that earns 5% per year, how much money will be in the account in 10 years?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How much money will be in the account in ten years
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