SOLUTION: If interest is compounded annually how much is $1000 worth in 8 years at 8%?

SOLUTION: If interest is compounded annually how much is $1000 worth in 8 years at 8%?

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Question 395415: If interest is compounded annually how much is $1000 worth in 8 years at 8%?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=1000(1+0.08)^8
A=1000(1.85)
A=1850.93
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