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

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###### 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

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## Related Questions

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.

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.

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

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

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

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).

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.

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

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

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

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

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/-

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