Q: What is future value of 10000 with 5 percent interest for 15 years?

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Future value= 25000*(1.08)10 =53973.12

simple interest .. A = P(1+r)t 10000 = P(1.05)5 P = 10000 / (1.05)5 P = 7835.26

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

Compounded annually: 2552.56 Compounded monthly: 2566.72

I'll do it both ways since you do not specify whether it is simple of compound interest. FV = P + PRT 10000 = P + P(.03)(20) 10000 = P(1 + 0.60) 10000 = 1.6P 6250 = P Check 6250 * .03 * 20 = 3750 + 6250 = 10000 ◄ FV = P + P(1+R)T 10000 = P + P(1.03)20 10000 = P + P(1.80611) 10000 = 2.80611*P 3563.65 = P Check 3563.25 + 3563.25(1.03)20 3563.25 + 3563.25*1.80611 3563.25 + 6436.35 9999.70 (Rounding error) ◄

Related questions

$14,693.28

V = 10000*(1.05)20 = 26532.98 dollars

With only one year the value is 11600

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

In two years, the value of 10,000 dollars with 3.78 interest would be 10,770.29 dollars. An increase 770.29 dollars would be realized.

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

The value today, of 10,000 dollars from 1948 will be about 99,500 dollars. This is estimated at an interest rate of three and a half percent.

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

200000000 dollars

simple interest .. A = P(1+r)t 10000 = P(1.05)5 P = 10000 / (1.05)5 P = 7835.26