14:05 a Question Question 1 Unanswered If you invest $1,000 into an account that earns 12%,...

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Answer 1

Answer #1

Amount invested = $1,000

Annual rate of return = r = 12% = 0.12

Period of investment = n = 6 years = 6

Future value of investment = Amount invested*(1+r)ⁿ

Value of investment at the end of 6 years = $1,000*1.12⁶ = $1,973.82

Answer 2

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