SOLUTION: Suppose $1000 is invested in an account that earns 7% interest compounded
annually. How much will be in this account after 10 years
Algebra.Com
Question 972862: Suppose $1000 is invested in an account that earns 7% interest compounded
annually. How much will be in this account after 10 years
Found 2 solutions by Fombitz, solver91311:
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Duplicate Question
See Answer 595085
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
^{nt})
Where 
is the future value, 
is the present value, 
is the interest rate expressed as a decimal, 
is the number of compounding periods per year, and 
is the number of years]
For this problem 
, 
, 
, and 
. You can do your own arithmetic.
John
My calculator said it, I believe it, that settles it
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