3232x0.055x10=1777.6
that is how much you would make and to find out how much you now have is
3232+1777.60=509.6
hope this is right!
1 x (1.03)40 = 3.26
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
Assuming the interest is compounded annually, the future value is 100*(1.04)10 = 100*1.4802 (approx) = 148.02
$716.66 The formula is Principal times e to the rate times time power. Future Value = PeYr
It is 712.97
Assuming interest is added at the end of the year, the future value is 13,710.59
Wow! Where can we get some of that 11.75% ?!?The future value is 5,800 x (1.1175)30 = 162,500.22 (rounded)
$5,052.22
Compounded annually: 2552.56 Compounded monthly: 2566.72
Total (compound interest) = p (r + 1)^ t, so plug in the numbers. 3497(1.075)^15 = 10347.1941. You can round that to 10347.19.
39,337.20
1 x (1.03)40 = 3.26
Simple interest compounded annually and reinvested will yield 619173.64 before taxes.
5000 x (1.06)5 = 5000 x 1.338 = 6691.13
Assuming the interest is compounded annually, the future value is 100*(1.04)10 = 100*1.4802 (approx) = 148.02
It depends how the interest is calculated. If it's compounded, your initial 500 investment would be worth 638.15 after 5 years.
the future value of $5,000 in a bank account for 10 years at 5 percent compounded bimonthly?