Left alone, that investment would be worth 705.79 after four years.
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
280.51
1095.91
$428.24
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 .
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
500 invested for 5 years at 7% interest compounded annually becomes 701.28
320.71
267.65
280.51
814.45
1006.1
655.40
$428.24
1095.91
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 .
$280.51