What is the future value of $1,000 invested for 5 years at an annual interest rate of 8% compounded annually?
What is the future value of $1,000 invested for 5 years at an annual interest rate of 8% compounded annually?
پانچ سال کے لیے سرمایہ کاری کی گئی 1,000$ کی مستقبل کی قیمت کیا ہے جو کہ سالانہ %8 کی سالانہ شرح سود پر مشتمل ہے؟
Explanation
The closest option is $1,500.00.