Compound Interest
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(Compound interest) To what amount will the following investments accumulate?
a. $5,000 invested for 10 years at 10 percent compounded annually
b. $8,000 invested for 7 years at 8 percent compounded annually
c. $775 invested for 12 years at 12 percent compounded annually
d. $21,000 invested for 5 years at 5 percent compounded annually
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Future Value = Present Value * (1+ interest Rate)^# of years
a. $5,000 invested for 10 years at 10 percent ...
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- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
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