Q: How much would 500 dollars invested at 5 percent compounded annually be worth after 6 years?

Write your answer...

Submit

Still have questions?

Continue Learning about Math & Arithmetic

$125 times (1.08)14 = $367.15 (rounded)

655.40

814.45

1006.1

$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.

Related questions

$280.51

500 invested for 5 years at 7% interest compounded annually becomes 701.28

$125 times (1.08)14 = $367.15 (rounded)

$407.94

If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .

How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79

267.65

280.51

1095.91

$428.24

283.68

655.40