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Earn +20 ptsQ: Future value of 2000 in 5 years at interest rate of 5 percent?
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What is the future value of 25000 at 8 percent interest in 10 years?
Future value= 25000*(1.08)10 =53973.12
What is the future value of 100000 dollars with 5 percent interest in 10 years?
Assuming interest is paid annually, 100000*(1.05)10 = 162889.46
What is the future value of 4000 for 5 years at 4 percent compounded bimonthly?
the future value of $5,000 in a bank account for 10 years at 5 percent compounded bimonthly?
What is future value of 10000 with 5 percent interest for 15 years?
To calculate the interest gained on something, a simple formula is used. Initial value x (percentage increase as a decimal)^years So: 10000 x 1.05^15 = 20789.28 (2d.p).
What is the future value of 500 invested for 15 years at 5 percent?
It depends how the interest is calculated. If it's compounded, your initial 500 investment would be worth 638.15 after 5 years.
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