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 1090632: 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?
Found 2 solutions by JBnovelwriter, MathTherapy:
Answer by JBnovelwriter(34) About Me  (Show Source):
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end of year 1:
1000%2A0.06=60
1000%2B60=1060
end of year 2
1060%2A0.06=63.6
1060%2B63.6=1123.60
1123.60%2B1500=2623.60
end of year 3
2623.60%2A0.06=157.416
2623.60%2B157.416=2781.016
end of year 4
2781.016%2A0.06=166.8609
2781.016%2B166.8609=2947.87696
2947.87696%2B2000=4947.87696
end of year 5
4947.87696%2A0.06=296.87261
4947.87696%2B296.87261=5244.74958
end of year 6
5244.74958%2A0.06=314.68497
5244.74958%2B314.68497=5559.43455
end of year 7
5559.43455%2A0.06=333.56607
5559.43455%2B333.56607=5893.00067
end of year 8
5893.00067%2A0.06=353.58004
5893.00067%2B353.58004=6246.58071
end of year 9
6246.58071%2A0.06=374.79484
6246.58071%2B374.79484=6621.37555
end of year 10
6621.37555%2A0.06=397.28253
6621.37555%2B397.28253=highlight%287018.65808%29

Answer by MathTherapy(10551) About Me  (Show Source):
You can put this solution on YOUR website!
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?
$1,000 invested today for 10 years at 6%, compounded annually, is: 
$1,500 invested 2 years from now, for 8 years thereafter, at 6%, compounded annually, is: 
$2,000 invested 4 years from now, for 6 years thereafter, at 6%, compounded annually is, 
At 6% annually-compounded interest, $1,000, invested today, for 10 years, $1,500, invested 2 years from now, for 8 years
into the future from then, and $2,000, invested 4 years from now, for 6 years into the future from then, will accumulate to:
                    $1,790.85
                     2,390.77 
                     2,837.04
                   $7,018.66