If the present value of my investment is $1,000 and the rate of interest is 6% compounded annually, what will the value be after 10 years?

asked Apr 19, 2022 63.0k views

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Answer:

$1790.84

Explanation:

The investment will have value of 1000*(1+0.06)^10=1790.84 in 10 years

MistaGreen answered Apr 24, 2022

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