What is the future value of a $3000 deposit earning 9 percent interest per year for four years?
Future Value = PV* (1+r)n FV = 3000*(1+0.09)4 =$4234.74 Total …
Answer 1: Future value = Present value * (1 + Periodic Interest rate) ^ Number of periods = 950 * (1+ 8%) = $1,026 Answer…
Using the given values, we get: Present value, PV = $1,300 Interest rate, r = 7% = 0.07Number of compounding periods per year, n = 1Number of years, t = 6Substituting these values in the formula, we get: `FV = 1300(1 + 0.07/1)^(1*6)`Simplifying, we get:` FV = 1300(1.07)^6`Evaluating, we get:` FV = $2,116.69`Therefore, ...
The future value of $700 deposited for one year earning a 4 percent interest rate annually is $728 (option d).
Plugging these values into the formula, we get: Future Value = $2,000 × (1 + 0.08)^5 Calculating the value inside the parentheses first, we have: Future Value = $2,000 × (1.08)^5 Raising 1.08 to the power of 5, we find: Future Value ≈ $2,000 × 1.46933 Multiplying $2,000 by 1.46933, we get: Future Value ≈ $2,938.66 ...
The future value of a $1000 investment today at 8 percent annual interest compounded semiannually for 5 years is $1,480.24. It is computed as follows: F u t u r e V a l u e = 1 , 000 ∗ ( 1 + i ) n.
The future value formula is FV=PV(1+i)n, where the present value PV increases for each period into the future by a factor of 1 + i. The future value calculator uses multiple variables in the FV calculation: The present value sum. Number of time periods, typically years.
The table below shows the present value (PV) of $3,000 in 20 years for interest rates from 2% to 30%. As you will see, the future value of $3,000 over 20 years can range from $4,457.84 to $570,148.91.
Simple Annual Interest
If a $1,000 investment is held for five years in a savings account with 10% simple interest paid annually, the FV of the $1,000 equals $1,000 × [1 + (0.10 x 5)], or $1,500.
Answer and Explanation:
Thus, the future value of $7,000 at the end of 5 periods at 8% compounded interest is $10,285.30.
How much is $10000 at 10% interest for 10 years?
If you invest $10,000 today at 10% interest, how much will you have in 10 years? Summary: The future value of the investment of $10000 after 10 years at 10% will be $ 25940.
Final answer:
The amount earned on a $300 deposit earning 4% simple interest for 5 years is $60.00.
Expert-Verified Answer
The future value of $1,000 after six months of earning 12% annually is $1,060.00.
Bunuel wrote: How much interest will $2,000 earn at an annual rate of 8 percent in 1 year if the interest is compounded every 6 months? That would be (2000)(. 08) = $160 in interest.
Answer and Explanation: The future value of the deposit will be worth $2,589.52 in five years.
An investment of $10000 today invested at 6% for five years at simple interest will be $13,000.
Answer and Explanation:
The future value of $800 at 8 percent after six years equals $1,269.50. Where, PV = Present value = $800. i = interest rate = 8%
If you invest $10,000 and make an 8% annual return, you'll have $100,627 after 30 years. By also investing $500 per month over that timeframe, your ending balance would be $780,326.
| Discount Rate | Present Value | Future Value |
|---|---|---|
| 6% | $1,000 | $3,207.14 |
| 7% | $1,000 | $3,869.68 |
| 8% | $1,000 | $4,660.96 |
| 9% | $1,000 | $5,604.41 |
The future value of $900 saved each year for 10 years at an 8% interest rate will be $13,037.91.
How do you calculate future value with simple interest?
Future value formula for simple interest: A = P(1 + rt) where A is the future amount, P is the principal amount, r is the simple interest rate in decimal form, and t is the number of time periods that will have passed until the future date corresponding to A.
Formula 9.3, FV=PV(1+i)N, places the number of compound periods into the exponent. The 8% compounded monthly investment realizes 60 compound periods of interest over the five years, while the 8% compounded annually investment realizes only five compound periods.
| Discount Rate | Present Value | Future Value |
|---|---|---|
| 12% | $3,000 | $16,420.70 |
| 13% | $3,000 | $18,762.81 |
| 14% | $3,000 | $21,413.81 |
| 15% | $3,000 | $24,411.18 |
Around the U.S., a $1 million nest egg can cover an average of 18.9 years worth of living expenses, GoBankingRates found. But where you retire can have a profound impact on how far your money goes, ranging from as a little as 10 years in Hawaii to more than than 20 years in more than a dozen states.
| Discount Rate | Present Value | Future Value |
|---|---|---|
| 2% | $1,000 | $1,218.99 |
| 3% | $1,000 | $1,343.92 |
| 4% | $1,000 | $1,480.24 |
| 5% | $1,000 | $1,628.89 |
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