Question: Classify the financial problem. Assume a 10% interest rate compounded annually. Find the value of a $1,000 certificate in 4 years. O sinking fund O

Classify the financial problem. Assume a 10% interest rate compounded annually.

Classify the financial problem. Assume a 10% interest rate compounded annually. Find the value of a $1,000 certificate in 4 years. O sinking fund O present value future value o ordinary annuity amortization Answer the question. (Round your answer to the nearest cent.)

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