If the interest rate is 5%, the value of $1,000 at the end of 10 years is

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The value of $1,000 at the end of 10 years with a 5% interest rate, compounded annually, is calculated using the formula for compound interest: A = P(1 + r)^n, where A is the amount of money accumulated after n years, including interest, P is the principal amount ($1,000), r is the annual interest rate (5% or 0.05), and n is the time the money is invested or borrowed for, in years (10). Plugging in the values: A = 1000(1 + 0.05)^10 = $1,628.89.

If the Interest Rate Is 5%, the Value of $1,000