With compounded interest, it would be 100*(1 + 11/100)10 = 283.94
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
102102.52
T = 3yrs
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.
It would be worth 428.24 if the interest was added on once each year. If the interest were to be compounded monthly rather than annually the value would be 447.67
10 years. Compound interest would take 7 years.
In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
If you're simply adding five percent onto the value at the end of each of the three years - the final value would be 578.8125
After 6 years at a 30 percent interest rate, the total amount accumulated would be 1.30 times the original amount. This increase accounts for both the original value and the interest earned over the 6 years.
Using the formula P x [ 1 plus r x t],where 'P' is the principal or 100 , 'r 'is the rate or 11 percent, and 't' is the time or 10 years, the value would be 210 dollars. This formula is for simple interest.
102102.52
T = 3yrs
$1000 compounded at 10% annually over 86 years would be almost $4,000,000.
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.
Future value= 25000*(1.08)10 =53973.12
200000000 dollars