Question

The expression 1000(1.1)^t represents the value of a $1000 investment that earns 10% interest per year, compunded annually for t years. What is the value of a $1000 investment at the end of each period? 1) 2 years 2) 4 years

Answer 1

For 2 Year:
A=1000(1.1)^2
A=$1210

For 4 Year:
A=1000(1.1)^4
A=$1464.10

Answer 2

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Answer 3

Thank you! :)

Answer 4

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