You could probably do this easier but this is how I would do it.
.05*4000 = 200+4000 = 4200*.05 = 210+4200 = 4410*.05 = 220.5+4410 = 4630.5
So you will end up with $4,630.50
your welcome
You will have $11576.25
463.72
2.25 percent apex
345
balls
You will have $11576.25
463.72
1050*5/100
What is the future value of $1,200 a year for 40 years at 8 percent interest? Assume annual compounding.
2.5 years
18.90currency as an interest..
7% simple annual interest over 2 years = 14% total interest.14% of R528 = R73.92 .
d 2.5 years
10795
$14,693.28
1927.23 IF the interest is compound (accrued on the totalsum each year)... 1891.00 IF the interest is simply calculated on the initial deposit.
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