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Elena-2011 [213]
3 years ago
8

The expression 1000(1.1)t represents the value of a $1000 investment that earns 10% interest per year, compounded annually for t

years. What is the value of a $1000 investment at the end of 4 years?
Mathematics
2 answers:
melamori03 [73]3 years ago
3 0
1000(1.1)4
multiply the numbers
$4400
Sloan [31]3 years ago
3 0

Answer: $1464.1

Step-by-step explanation:

Given : The expression 1000(1.1)^t represents the value of a $1000 investment that earns 10% interest per year, compounded annually for t years.

To find the value of a $1000 investment at the end of 4 years, we need to put the value of t = 4 in the given expression , we get

1000(1.1)^4=1464.1

Hence, the value of a $1000 investment at the end of 4 years = $1464.1

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