It would be worth 500*(1 + 06*4) = 620
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
814.45
1006.1
655.40
$4,061.04
500 invested for 5 years at 7% interest compounded annually becomes 701.28
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
267.65
814.45
1006.1
280.51
655.40
1095.91
$428.24
$280.51
$4,061.04