see this similar question, problem is done the same way.
What_is_the_value_of_10000_with_a_3_percent_interest_over_30_years
$14,693.28
The future value (FV) of $10,000 at 5% interest for 7 years follows the following formula: 10,000 (1+.05)^7 = 10,000 * 1.41 = $14,100
3000
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
Compounding of simple interest can be used by the following formula:P = P0 * (i+1)nwhere i is the ineterest rate; n the number of years; P0 initial principleP = 10,000 * (0.03+1)30= 10,000*(2.427262)= $24,272.62
$14,693.28
V = 10000*(1.05)20 = 26532.98 dollars
To calculate the interest gained on something, a simple formula is used. Initial value x (percentage increase as a decimal)^years So: 10000 x 1.05^15 = 20789.28 (2d.p).
In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.
79.17
The monthly interest is 100.
simple interest .. A = P(1+r)t 10000 = P(1.05)5 P = 10000 / (1.05)5 P = 7835.26
The future value (FV) of $10,000 at 5% interest for 7 years follows the following formula: 10,000 (1+.05)^7 = 10,000 * 1.41 = $14,100
An average of 321.56
3000
You will have $11576.25
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.