Q: Future value of 2000 in 5 years at interest rate of 5 percent?

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Future value= 25000*(1.08)10 =53973.12

Assuming interest is paid annually, 100000*(1.05)10 = 162889.46

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).

the future value of $5,000 in a bank account for 10 years at 5 percent compounded bimonthly?

It depends how the interest is calculated. If it's compounded, your initial 500 investment would be worth 638.15 after 5 years.

Related questions

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

$14,693.28

Assuming the interest is compounded annually, the future value is 100*(1.04)10 = 100*1.4802 (approx) = 148.02

The face value is 40000*(1.05)10 = 65156 approx.

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

1862

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.

The face value is 40000*(1.05)10 = 65156 approx.

Assuming interest is paid annually, 100000*(1.05)10 = 162889.46