If the 5% is yearly, and it is compounded monthly, that means that the monthly interest rate is 5/12 percent. In this case, the base factor, in the formula for compound interest, is 1 + 5/1200. After one year (12 monthly periods), the capital would be 200000 x (1 + 5/1200)12. If you want to invest the money for two years (24 months), replace the exponent 12 by 24, etc.
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
187.32
322.7
161.35
572.56
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
635.24
313.37
648.68
187.32
322.7
161.35
572.56
283.52
610.45
275.28
674.43