Evaluate the following accurate to the nearest cent:
$$45[1−1(1+0.08372)4]0.08372+$1000(1+0.08372)4\$ 45 \frac{\left[1-\frac{1}{\left(1+\frac{0.0837}{2}\right)^{4}}\right]}{\frac{0.0837}{2}}+\frac{\$ 1000}{\left(1+\frac{0.0837}{2}\right)^{4}}$

Question

Evaluate the following accurate to the nearest cent: $ 45 [ 1 − 1 ( 1 + 0.0837 2 ) 4 ] 0.0837 2 + $ 1000 ( 1 + 0.0837 2 ) 4 \$ 45 \frac{\left[1-\frac{1}{\left(1+\frac{0.0837}{2}\right)^{4}}\right]}{\frac{0.0837}{2}}+\frac{\$ 1000}{\left(1+\frac{0.0837}{2}\right)^{4}} $45 2 0.0837 ​ [ 1 − ( 1 + 2 0.0837 ​ ) 4 1 ​ ] ​ + ( 1 + 2 0.0837 ​ ) 4 $1000 ​

Sadaf pugc1 · Accepted Answer

Final Answer :  $1,011.38

Evaluate the following accurate to the nearest cent:
$$45[1−1(1+0.08372)4]0.08372+$1000(1+0.08372)4\$ 45 \frac{\left[1-\frac{1}{\left(1+\frac{0.0837}{2}\right)^{4}}\right]}{\frac{0.0837}{2}}+\frac{\$ 1000}{\left(1+\frac{0.0837}{2}\right)^{4}}$

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