mcshall1966 mcshall1966
  • 11-11-2019
  • Business
contestada

what is the future value i I plan to invest $200,000 for 5 years and the interest rate is 5%?

Respuesta :

fernandoalonsoc
fernandoalonsoc fernandoalonsoc
  • 13-11-2019

Answer:

Initial capital $200,000

Period           5 years

interest rate 5%

Interest year 1  $10,000.00

Interest year 2 $10,500.00

Interest year 3 $11,025.00

Interest year 4 $11,576.25

Interest year 5 $12,155.06

Future Value= $255256.31

See the image attached

Ver imagen fernandoalonsoc
Answer Link

Otras preguntas

how are photosynthesis and cellular respiration opposite in terms of carbon dioxide
What is the volume of a box that has a length of 10 inches,a width of 3 inches,and a height of 7 inches!!
How did Procopius link the cathedral's opulence (wealth) to true Christian values?
15. Which one of the following choices is the closest in size to one serving of meat? A. A coffee mug B. A baseball C. An open palm D. A deck of cards
3 equivalent ratios for 27:15
describe the ancient interaction between north africa and southwest asia
Convert 4 1/8 and 3 1/4 to fraction notation
Why might political parties write platforms before presidential elections
Round 684 the to the nearest hundred
Translate the following Latin phrases to english;Sextus Davum saepe vexat; Sextum Davus non amat.Puellae Marcum et servum conspiciunt.Magna vox puellam terret.M