SOLUTION: Suppose $1000 is invested in an account that earns 7% interest compounded annually. How much will be in this account after 10 years

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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) About Me  (Show Source):
You can put this solution on YOUR website!
Duplicate Question
See Answer 595085

Answer by solver91311(24713) About Me  (Show Source):
You can put this solution on YOUR website!




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