Assuming the interest is compounded annually, the future value is
100*(1.04)10 = 100*1.4802 (approx) = 148.02
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
102102.52
$14,693.28
The face value is 40000*(1.05)10 = 65156 approx.
With only one year the value is 11600
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
No, the face value of an investment is not the same as its future value. The face value is the initial value of the investment, while the future value is the value it will have at a later date after earning interest or experiencing changes in market value.
Future value= 25000*(1.08)10 =53973.12
102102.52
200000000 dollars
$14,693.28
The face value is 40000*(1.05)10 = 65156 approx.
With only one year the value is 11600
The face value is 40000*(1.05)10 = 65156 approx.
1862
Assuming interest is paid annually, 100000*(1.05)10 = 162889.46
The future value (FV) of $10,000 at 5% interest for 7 years follows the following formula: 10,000 (1+.05)^7 = 10,000 * 1.41 = $14,100