Wiki User
∙ 11y agoIf 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.
Wiki User
∙ 11y ago$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
572.56
187.32
161.35
322.7
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
635.24
313.37
648.68
572.56
187.32
161.35
322.7
283.52
275.28
610.45
674.43