Calculating investment with annual compounding

Sue now has $125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?

a. $205.83
b. $216.67
c. $228.07
d. $240.08
e. $252.08

Solution Summary

This solution provides a brief, concise calculation for finding the future value of a sum of money using annual compounding.