Answer:
$11,200
Explanation:
Calculation for the future value
Using this formula
Future value=PV+(PV×Rate ×Time)
Where
PV=$10,000
Rate=6%
Time=2 years
Let plug in the formula
Future value=[$10,000+($10,000×0.06×2)
Future value=$10,000+1,200
Future value=$11,200
Therefore the Future value will be $11,200
