The expression 1000(1.1)^t represents the value of a $1000 investment that earns 10% interest per year, compounded annually for
2 answers:
Answer: 1464.1
Step-by-step explanation:
Given : The expression 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 substityte x = 4 in the given expression , then
Therefore, the value of a $1000 investment at the end of 4 years = 1464.1
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