Simple interest, 500 + (5 x 5 x 4) = 600. Compound 500 x 1.04^5 = 632.66
Future value = 1000*(1.08)7 = 1713.82
It depends how the interest is calculated. If it's compounded, your initial 500 investment would be worth 638.15 after 5 years.
Future value= 25000*(1.08)10 =53973.12
Assuming interest is paid annually, 100000*(1.05)10 = 162889.46
Compounded annually: 2552.56 Compounded monthly: 2566.72
$14,693.28
Value = 150*(1.09)3 = 150*1.295 = 194.25
Future value = 8400*(1 + 0.05*6) = 8400*(1.3) = 10,920 dollars.
Assuming interest is added at the end of the year, the future value is 13,710.59
Future value = 1000*(1.08)7 = 1713.82
1 x (1.03)40 = 3.26
T = 3yrs
$5,052.22
It depends how the interest is calculated. If it's compounded, your initial 500 investment would be worth 638.15 after 5 years.
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
Principal amount 5,000 Interest rate 9 percent per year = 0.09 Continuous compounding Number of years 7 Future value = P e^rt Future value = (5000) e^(0.09)(7) Amount after 7 years = $9,388.05
Future value= 25000*(1.08)10 =53973.12