SOLUTION: Please help :c))) Which is worth more at 10 percent, compounded annually: $1000 in hand today or $2,000 due in 5 years?

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Question 346725: Please help :c)))
Which is worth more at 10 percent, compounded annually:
$1000 in hand today or
$2,000 due in 5 years?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
F=1000%281%2B10%2F100%29%5E5
F=1000%281.1%29%5E5
F=1000%281.61051%29
F=1610.51
Take the $2000 in 5 years.