SOLUTION: investing: the expression 1000 (1.1)t represents the value of a $1000 investment that earns 10% intrest per year. compounded annually for t years. find the value of a $1000 investm

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Question 331443: investing: the expression 1000 (1.1)t represents the value of a $1000 investment that earns 10% intrest per year. compounded annually for t years. find the value of a $1000 investment at the end of each period.
a. 2 years b. 3 years
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
A=1000(1.1)^2
A=$1210