module on Corporate finance

Question 1 (5 points) Saved Suppose you invest $1000 in an account paying 10% interest per year. How much will you have in the account in 7 years? In 20 years? In 75 years? Don't forget to show your work! 7 years: FV=C X (1+r)^n $1,000 (1.10)^7 = $1,948.72 20 years: FV=C X (1+r)^n $1,000 (1.10)^20 = $6,727.50 75 years: FV=C (1+r)^n $1,000 (1.10)^75 = $1,271,895.37