Using the Compound Interest Calculator on GraphCalc, calculate the future value of an initial investment of $10,000, compounded monthly for 5 years, with an annual interest rate of 6%. State the calculated future value.
Navigate to the GraphCalc financial calculators page (if not already there). Locate and click on the 'Compound Interest Calculator' link. Input '10000' as the initial principal. Input '6' as the annual interest rate. Input '5' as the number of years. Select 'Monthly' for the compounding frequency. Trigger the calculation (e.g., by clicking a 'Calculate' button or similar). Identify and extract the calculated future value.
Successfully navigate to the Compound Interest Calculator page. Correctly input the initial principal as $10,000. Correctly input the annual interest rate as 6%. Correctly input the number of years as 5. Correctly select 'Monthly' as the compounding frequency. State the calculated future value based on the inputs.