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

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asked Oct 13, 2018 77.8k views

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

Mathematics
high-school

Febian Shah asked

by Febian Shah

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1 Answer

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Hi there

the value of a $1000 investment at the end of 4 years is
A=1,000×(1.1)^(4)
A=1,464.1

Hope it helps

Gift answered Oct 18, 2018

by Gift

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