Question 1134514
.


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calculations and the answer by @mathsolverplus are &nbsp;<U>WRONG</U>, &nbsp;which is &nbsp;<U>OBVIOUS</U> &nbsp;and <U>is seen even by unarmed eye</U>.


&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I came to provide a correct solution.


<pre>
Formula: 

FV = {{{P(1+r/n)^(nt)}}}


FV represents the Future Value

P represents the initial balance

r represents the yearly interest rate

n represents the amount of times that the interest is compounded per year

t represents the number of years


FV = {{{1000(1+0.045/4)^(4*10)}}} = 1564.38  dollars.    <U>ANSWER</U>
</pre>