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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 a…

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 a…
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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?

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User Febian Shah
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1 Answer

3 votes
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
answered
User Gift
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