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22 October, 10:18

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?

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  1. 22 October, 10:42
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    1000 (1.1) 4

    multiply the numbers

    $4400
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