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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).

Q: How much would 500 dollars invested at 5 percent compounded annually be worth after 6 years?

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$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.

Related questions

$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