Loans
Math and Arithmetic
Mathematical Finance
Algebra

What is the future value of 10000 dollars with 5 percent interest in 7 years?

454647

Top Answer
User Avatar
Wiki User
2006-05-24 19:56:13
2006-05-24 19:56:13

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

1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

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.

User Avatar

10000*70/100 = 7000 dollars.

User Avatar

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.

User Avatar

16% of 10000 = 10000*16/100 = 1600 dollars

User Avatar

40% = 40/100 = 0.4now 40 percent of 10000 is 0.4x10000 = 4000dollars

User Avatar

10% of $10000 would be $1000. So 5% of $10000 must be $500.

User Avatar

Total = 10000(1+i)n Total = 10000(1.2321)2 Total = 12321 Change = interest gained = 12321 - 10000 = 2321

User Avatar

To calculate the interest gained on something, a simple formula is used. Initial value x (percentage increase as a decimal)^years So: 10000 x 1.05^15 = 20789.28 (2d.p).

User Avatar

1 x 1000000 / 100 = 10000 dollars

User Avatar

Using the compound interest formula which states A = P (1 + r/n)nt. We get the following result:10000 ( 1 + .095/4)4(4)10000 (1 + 0.02375) 1610000 (1.02375) 1610000 (1.45580)$14558Therefore you earn approximately $4558.00 on a CD yielding a 9.5% interest rate for 4 years.

User Avatar

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 โ—„ 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) โ—„

User Avatar

1% of 10000 dollars is 100 dollars. Two tenths of that is 20 dollars.

User Avatar

5 รท 100 ร— 10000 = $500

User Avatar

20% = 0.20 $50000 x 0.20 = $10000

User Avatar

how to get 10000 dollars a month

User Avatar

0.50 percent of 10000 = 500.50% of 10000= 0.50% * 10000= 0.005 * 10000= 50

User Avatar

30 percent of 10000 = 300030% of 10000= 30% * 10000= 0.30 * 10000= 3000

User Avatar

The formula to calculate interest is as follows: Interest = Principal * No. of years * Rate of Interest / 100 So Interest = 10000 * 0.5 * 8 / 100 = 400/- The interest you will receive interest at the end of the 6 month period is Rs. 400/-


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.