<p>$\$1000$ is invested at the beginning of each year for&nbsp;$10$ years.<span class="inline-marks">[4]</span></p>
<p>The rate of interest is fixed at $7.5 \%$ per annum. Interest is compounded annually.</p>
<p>Calculate, giving your answers to the nearest dollar</p>
<ol class="abc-list"><li><div class="list-item-paragraph">how much the first $\$1000$ is worth at the end of the ten years;</div></li><li><div class="list-item-paragraph">the total value of the investments at the end of the ten years.</div></li></ol>

$\$1000$ is invested at the beginning of each year for $10$ years.

The rate of interest is fixed at $7.5 \%$ per annum. Interest is compounded annually.

Calculate, giving your answers to the nearest dollar

how much the first $\$1000$ is worth at the end of the ten years;

the total value of the investments at the end of the ten years.

Compound Interest

Standard Form and Compound Interest

International Baccalaureate Mathematics: Applications and Interpretation Standard Level

Standard Form and Compound Interest - Compound Interest

Standard Form and Compound Interest - Compound Interest