0
9078.83
At the end of the first year, 9078.83 @ 12% growth will become 10168.29
end of 2nd year, 10168.29 becomes 11388.48
end of 3rd year, 11388.48 becomes 12755.10
end of 4th year, 12755.10 becomes 14285.71
end of 5th year, 14285.71 becomes 16000 Of course, you can use 'present value' tables, which give a reasonably accurate approximation, but they lack the precision of the actual calculation. The figure can also be calculated by using logarithms. For present value tables. see Related links below this box
Still curious? Ask our experts.
Chat with our AI personalities
Steve
Lao
RafaAdd your answer:
Earn +20 pts
What is present value of 500 three years today at 5 percent interest compound annually?
If you're simply adding five percent onto the value at the end of each of the three years - the final value would be 578.8125
How many years is 16000 days?
43.8 years
What is the working and answer for finding the simple interest of 16000 30 months and 5 percent?
"5 percent" means 5 percent per year.30 months = 2.5 years.2.5 times 5 percent = 12.5 percent = 0.1250.125 x 16,000 = 2,000
What is the present value of 12500 to be received 10 years from today Assume a discount rate of 8 percent compounded annually and round to the nearest 10?
$5,790
What is the future value of 4000 for 5 years at 4 percent compounded bimonthly?
the future value of $5,000 in a bank account for 10 years at 5 percent compounded bimonthly?
