If $1000 is invested at r% compounded annually, the future value S of the account after two

Question:

If $1000 is invested at r% compounded annually, the S of the account after two and a half years is given by

(a) Express this equation with radical notation.
(b) Find the value of this account if the interest rate is 6.6% compounded annually?

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...