SOLUTION: If $1,000 is invested now, $1,500 two years from now, and $2,000 four years from not at an interest rate 6% compounded annually, what will be the total amount in 10 years?
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-> SOLUTION: If $1,000 is invested now, $1,500 two years from now, and $2,000 four years from not at an interest rate 6% compounded annually, what will be the total amount in 10 years?
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Question 1090114: If $1,000 is invested now, $1,500 two years from now, and $2,000 four years from not at an interest rate 6% compounded annually, what will be the total amount in 10 years? Answer by addingup(3677) (Show Source):
You can put this solution on YOUR website! 1000(1+0.06)^10 + 1500(1+0.06)^8 + 2000(1+0.06)^6
= 1790.85 + 2390.77 + 2837.04 = your answer
