Question 957463
The Future Value of your investment would be:
{{{FV= C(1+(r/n))^(tn)}}}where:
C= your present Capital, the amount you invest. In your case 1000.
r= annual rate
n= number of periods, in your case 4 compounding periods per year (quarterly)
t= is the time, in your case 1 year. Using your numbers:
{{{FV= 1000(1+(.02/4))^1(4)= 1020.15}}}