It depends on whether the 4% interest is per annum or for 8 years altogether. Also, you have to see if it is a simple interest or compounded interest.
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
102102.52
Assuming the interest is compounded annually, the future value is 100*(1.04)10 = 100*1.4802 (approx) = 148.02
$14,693.28
The face value is 40000*(1.05)10 = 65156 approx.
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
Future value= 25000*(1.08)10 =53973.12
102102.52
200000000 dollars
Assuming the interest is compounded annually, the future value is 100*(1.04)10 = 100*1.4802 (approx) = 148.02
$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