What is the future value of $1,000 invested for 10 years at a nominal interest rate of

Question:

What is the of $1,000 invested for 10 years at a nominal interest rate of 10 percent compounded continuously? How much higher is this value than the value obtained with annual for 10 years at 10 percent?

Compounding
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will... Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...