The future value factor for 10 years at 15% with annual compounding is calculated as (1 + 0.15)¹⁰.

Name: The future value factor for 10 years at 15% with annual compounding is calculated as (1 + 0.15) 10 .
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Quizplus · Accepted Answer

The formula for calculating the future value with annual compounding is (1+r)^n, where r is the interest rate and n is the number of years. Therefore, the future value factor for 10 years at 15% with annual compounding is (1 + 0.15)^10, which simplifies to 4.046.

The Future Value Factor for 10 Years at 15% with Annual