Formula for future value is F = P*(1 + r)^n, Where:
F = 200*(1+.06)^5 = 267.65
500 invested for 5 years at 7% interest compounded annually becomes 701.28
Wow! Where can we get some of that 11.75% ?!?The future value is 5,800 x (1.1175)30 = 162,500.22 (rounded)
year
$5,052.22
$5,249.54
500 invested for 5 years at 7% interest compounded annually becomes 701.28
$407.94
How much would $500 invested at 9% interest compounded annually be worth after 4 years? 705.79
280.51
1095.91
267.65
$428.24
283.68
655.40
814.45
1006.1
200 invested at 10 % intrest compounded couniusliy be worth after 10 years