The sum you need is: 500 * 0.05^6. (Obviously, this sum gives "how much money you will have", not how much it will be worth, since inflation or other factors are not taken into account).
$125 times (1.08)14 = $367.15 (rounded)
655.40
814.45
1006.1
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
$280.51
500 invested for 5 years at 7% interest compounded annually becomes 701.28
$125 times (1.08)14 = $367.15 (rounded)
$407.94
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
280.51
1095.91
267.65
$428.24
283.68
655.40