You have been given $ 1000 Canada Savings Bonds that will earn 9.5 % interest , compounded annually . __ __ 6 . Based on the above information , which equation represents the value of the bonds ?
1) $1000 * (1 + 0.095)⁶
2) $1000 * (1 + 0.095/1)⁶
3) $1000 * (1 + 0.095/2)⁶
4) $1000 * (1 + 0.095/4)⁶