Explore BrainMass
Share

Explore BrainMass

    Compound Interest

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    (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

    © BrainMass Inc. brainmass.com October 9, 2019, 8:53 pm ad1c9bdddf
    https://brainmass.com/business/interest-rates/compound-interest-166014

    Solution Preview

    Future Value = Present Value * (1+ interest Rate)^# of years

    a. $5,000 invested for 10 years at 10 percent ...

    $2.19