What is $5000 invested for 10 years at 10 percent compounded annually?
Answer and Explanation:
Expert-Verified Answer
If $5000 is invested for 10 years at a 10% annual interest rate compounded annually, it will accumulate to approximately $12,968.70.
Answer and Explanation:
The future value of a $1000 investment today at 8 percent annual interest compounded semiannually for 5 years is $1,480.24.
Answer and Explanation:
The calculated value of the number of years required for invested amount to become double in amount is 7.27 years.
The total amount of $15,000 at 15% compounded annually for 5 years will be $30,170.36 so option (B) is correct.
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If you were to gain 10% annual interest on $100, for example, the total amount earned per year would be $10. At the end of the year, you'd have $110: the initial $100, plus $10 of 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.
The future value of $800 at 8 percent after six years equals $1,269.50. Where, PV = Present value = $800. i = interest rate = 8%
Answer and Explanation:
The future value of $1,000 continuously compounded for five years at a stated annual interest rate of 12 percent is $1,822.12.
How long will it take to double your money at 10 percent per year?
1 At 10%, you could double your initial investment every seven years (72 divided by 10). In a less-risky investment such as bonds, which have averaged a return of about 5% to 6% over the same period, you could expect to double your money in about 12 years (72 divided by 6).
The 7-Year Rule for investing is a guideline suggesting that an investment can potentially grow significantly over a period of 7 years. This rule is based on the historical performance of investments and the principle of compound interest.
The value of $10,000 in 20 years depends on factors like inflation and investment returns. Assuming an average annual inflation rate of 2%, the future value of $10,000 would be approximately $6,730 in today's dollars. However, investing an average annual return of 7% could grow to around $38,697.
We get, = Rs 3150. (i) Rs 15000 for 2 years at 10% per annum compounded annually.
=> ₹6050 = ₹5000 + C.I. => ₹6050 - ₹5000 = C.I. => ₹1050 = C.I. So, the compound interest on ₹5000 for 2 years at the rate of 10% is ₹1050 .
Question 1: Present Value = PV = $15,000 n = 1 year i = 38.45% Future Value = PV * (1+i)^n = $15,000 * (1+38.45%)^1 = $15,000 * 1.3845 = $20,767.50 Therefore, future val…
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. Exchange-traded funds (ETFs) and mutual funds are both excellent investment options.
$5,000 each year for 10 years if the interest rate is 8% ( end of period payment). You need to invest $33,550.4070 today earning 8% to have $5,000 every year for 10 years (first payment at the end of the year).
= Compound Interest. A3 = 5000 × 11/10 × 11/10 × 11/10 = 6,655. ⇒ 6655 - 5000 = Rs 1655. ⇒ 5000 × 11/10 × 11/10 = 6,050 .
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.
What is 10000 for 3 years at 10 per annum compounded annually?
Period (n) = 3 years∴ Amount = P (1+R100)n=Rs. 10000 (1+10100)3=Rs. 10000×1110×1110×1110=Rs. 13310C.I.
How much you need to live off interest depends entirely on your expenses and where the balance is invested. A million dollars in a retirement account might produce enough income for the median American to get by, but you'd need larger returns to cover a six-figure lifestyle. Consider your lifestyle goals, too.
The value of the $1 million today is the value of $1 million discounted at the inflation rate of 3.2% for 40 years, i.e., 1 , 000 , 000 ( 1 + 3.2 % ) 40 = 283 , 669.15.
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.
Answer and Explanation:
The future value of the deposit is $2,249.73. Given information: Interest rate = 4% Number of years = 3.
