Q: What is 5000 compounded annually at 4 percent for 5 years?

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5000 x (1.06)5 = 5000 x 1.338 = 6691.13

You will have 5000 dollars × (1 + 8/100)18 = 19,980 dollars.

5000 x (1.03)10 = $6719.58

Compounded annually, that's 6125.22

It is 6655.

Related questions

7,093 * * * * * No, that is for 6 years. For 5 years it is 5000*(1.06)5 = 6691.13

5000 x (1.06)5 = 5000 x 1.338 = 6691.13

4500233.00

You will have 5000 dollars × (1 + 8/100)18 = 19,980 dollars.

5000 x (1.03)10 = $6719.58

1200

It is 5000*(1.06)4*11/2 = 5000*1.0622 = 5000*3.064 approx = 18017.69 You realise, of course, that 6 percent quarterly is equivalent to over 26% per year!

Your going to fail the test.

If you opened a savings account and deposited 5000 in a six percent interest rate compounded daily, then the amount in the account after 180 days will be 5148.

Using excel FV function all added monies & interest paid @ end of period 5000 invested @ 8% /year for 30 yr no additional monies 50,313.28 with 5000 added end of each year 662,042.62 with 5000/12 added end of each month 679,801.64 with 5000/24 added twice a month 680,679.68

You should have 5976.51 provided the fractional units of interest earned are also rolled into the capital.

Assuming interest is compounded annually, the present value is 5,000 divided by 1.072 .07 is the intererst rate. The exponent is the number of years (2). So the answer is 4,367.20. After the first year, the value is 4367.20 x 1.07 = 4,672.90 Then, at the end of the second year: 4,672.90 x 1.07 = 5,000