Question 1072573: Find the value, in 10 years’ time, of $1000 invested at 8% interest compounded annually. Found 2 solutions by Boreal, MathTherapy:Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! P=10000(1+.08)^10=$21589.25. It doubles and then some because the rule of 72 says it would double in 9 years, and this is 10 years. Don't round until the last step.
