Answer:
$5,506.14
Explanation:
In calculating the value of your investment at the end of the decade, we will use the formula below
A = P [1 + (R / 100)]^n
A = Total investment amount at the end of the decade, P = Principal amount invested, R = Annual interest rate in percentage, and N = Years
P = 1,000 , R = 18.6%, N = 10
A = $1,000 *(1 + 18.6%)^10
A = $1,000 *(1+0.186)^10
A = 1$,000*(1.186)^10
A = $1,000*5.506135
A = $5506.135
A = $5,506.14
Hence, the value of the investment at the end of the decade will be $5,506.14