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How much would 500 invested at 7 interest compounded annually be worth after 4 years?
To calculate the future value of an investment with compound interest, you can use the formula ( A = P(1 + r)^n ), where ( A ) is the amount of money accumulated after n years, ( P ) is the principal amount (initial investment), ( r ) is the annual interest rate (as a decimal), and ( n ) is the number of years. For an investment of $500 at a 7% interest rate compounded annually over 4 years:
( A = 500(1 + 0.07)^4 \approx 500(1.3108) \approx 655.40 ).
So, the investment would be worth approximately $655.40 after 4 years.
What else can I help you with?
How much would 100 invested at 6 interest compounded annually be worth after 20 years?
320.71
How much would 500 invested at 5 percent interest compounded annually be worth after 10 years?
814.45
How much would 500 invested at 6 percent interest compounded annually be worth after 12 years?
1006.1
How much would 500 invested at 7 percent interest compounded annually be worth after 4 years?
655.40
How much would 200 invested at 6 percent interest compounded annually be worth after?
Period not specified. After 1 year it will be worth 212.
How much would 140 invested at 6 percent interest compounded annually be worth after 15 years Round your answer to the nearest cent?
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
How much would 500 invested at 7 percent compounded annually be worth after 5 years?
500 invested for 5 years at 7% interest compounded annually becomes 701.28
How much would 100 invested at 6 interest compounded annually be worth after 20 years?
320.71
How much would 200 invested at 6 percent interest compounded annually be worth after 5 years?
267.65
How much would 125 invested at 8 percent interest compounded annually be worth after 16 years?
$428.24
How much would 200 invested at 7 percent interest compounded annually be worth after 5 years?
280.51
How much would 500 invested at 5 percent interest compounded annually be worth after 10 years?
814.45
How much would 500 invested at 6 percent interest compounded annually be worth after 12 years?
1006.1
How much would 500 invested at 7 percent interest compounded annually be worth after 4 years?
655.40
How much would 550 invested at 9 percent interest compounded annually be worth after 8 years?
1095.91
How much would 15000 dollars invested at 8 percent interest compounded annually be worth after 6 months?
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 200 dollars invested at 7 percent interest compounded annually be worth after 5 years?
$280.51
