$428.24
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
280.51
1095.91
$280.51
If the interest is compounded annually, then the first interest payment isn't added until the end of the first year. Until then, the investment is worth exactly $15,000.00 .
500 invested for 5 years at 7% interest compounded annually becomes 701.28
$194.25 if interest is compounded annually. A little more if compounded quarterly, monthly, or daily.
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
267.65
814.45
1006.1
280.51
655.40
1095.91
$280.51
$4,061.04
Assuming interest is compounded annually, 1000*(1.08)5