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.
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
Formula for future value is F = P*(1 + r)^n, Where:F is Future valueP is Present valuer is the rate per unit time (so 6% per year is 0.06)n is the number of compounding time periods (annually, so n=5 for 5 years)F = 200*(1+.06)^5 = 267.65
1000 x (1.025)8 which is $1218.40.
The more often interest is compounded (the shorter the interval), the faster the total value of the investment grows, and the more it's worth after any given period of time.
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
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!
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?