breannabailey3678 breannabailey3678

04-11-2022
Business

Answered

tortoise corp. would like to know how much $1,000 invested today will grow to in four years. assume the interest on the investment is compounded annually at 10%. what is the future value of this investment in four years?

Answer :

YashikaChoudhary YashikaChoudhary

09-11-2022

The future value of this investment in four years is $1,464

future value = present value x (1 + interest rate

The worth of a present asset at some point in the future based on an estimated rate of growth is known as future value (FV). Investors and financial planners respect the future value because it helps them determine how much a current investment will be worth in the future.

How can I calculate value in the future?

The following equation may be used to determine future value with compound interest:
future value = present value x (1 + interest rate)n. Use the following equation to determine future value with simple interest: future value = present value x [1 + (interest rate x time)].

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