Solve the Following Two Cases (The Cases Are Independent)

question 135

Essay

Solve the following two cases (the cases are independent).
1. If you invest $4,000 today at 10% interest, what is the value of the investment at the end of 5 years?
2. If you invest $1,000 at the end of each of the next 5 years and the investment earns 10% interest, what is the value of the investment at the end of 5 years?

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Definitions:

Metamorphic History

The geological history of a rock that has undergone transformation by heat, pressure, or chemically active fluids.

Temperature-Pressure History

The record of variations in temperature and pressure that a geological body has experienced over time, crucial for understanding metamorphic processes and the conditions of mineral formation.

Shortened

The term shortened in a geological sense refers to a reduction in the horizontal extent of the Earth's crust, often resulting from tectonic processes such as mountain building (orogeny).

Vertical Direction

An orientation that is perpendicular to the horizon, pointing up or down from the observer's perspective.