Final answer:
The $1,000 would not retain the same value after 10 years due to inflation.
Step-by-step explanation:
The $1,000 would not retain the same value after 10 years due to the effects of inflation. Inflation is the general increase in prices over time, which means that the same amount of money will buy fewer goods and services in the future. For example, if the average inflation rate is 2% per year, the purchasing power of $1,000 after 10 years would be reduced to approximately $820. Therefore, the $1,000 would not have the same value as it did initially.
Learn more about effects of inflation on the value of money