Respuesta :
The future value of 1000 with annual compounding for 10 years is $1967.15.
The formula for calculating with annual compounding is:
FV = P (1 + r)^n
- FV = Future value
- P = the amount deposited
- R = interest rate
- N = number of years
1000 x (1.07)^10 = $1967.15
To learn more about future value, please check: https://brainly.com/question/18760477
