SOLUTION: heres a word problem~~~~ If interest is compounded annually, how much is $1,000 worth in 8 years at 8%? (but indicate the formula you are using)

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Question 93809This question is from textbook
: heres a word problem~~~~ If interest is compounded annually, how much is $1,000 worth in 8 years at 8%? (but indicate the formula you are using) This question is from textbook

Answer by checkley75(3666) About Me  (Show Source):
You can put this solution on YOUR website!
A=1,000(1+.08)^8
A=1,000(1.08)^8
A=1,000*1.85093
A=$1,850.93 ANSWER.