We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period.
Hence
A=$10000*(1.10)^15
=$10,000*4.177248169
=$41772(Approx).
5. What is the future value after 15 years of $10,000 invested ioday at 10% interest?...
What is the future value of $50,000 invested for 3 years at 10% interest?
3. What is the future value of $4000 in 5 years if it is invested at an interest rate of 6.00%? a. $5,300 b. $5,563 c. $5,353 d. $6,214 e. $6,431
5. What is the real future value of $500 after 10 years if the nominal interest rate is 13% and inflation is 2%? (5)
1. What is the future value in 7.4 years of $8651 invested in an account with a stated annual interest rate of 10%, compounded annually? 2. What is the future value in 14 years of $818 invested in an account with a stated annual interest rate of 4.3%, compounded semi-annually? 3. What is the future value in 5 years of $7922 invested in an account with a stated annual interest rate of 5.8%, compounded monthly 4. What is the future...
10. Finding the interest rate and the number of years The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations. If a security of $10,000 will be worth $14,693 five years in the future, assuming that no additional deposits or withdrawals are made, what is the Implied interest rate the investor will earn on the security? O 4.80% O 6.00% O 6.40% O...
What is the future value of a $100 lump sum invested for five years in an account paying 10 percent interest? A. $156.59 B. $159.43 C. $161.05 D. $165.74 E. $171.67
What is the future value of $10,000 deposited for five years earning 5% interest rate annually
What is the future value of $1 invested for 10 years if the 12 percent annual rate of interest is compounded quarterly? (A) $2.93 B $3.25 $3.26 $2.30
Find the future value of $10,000 invested now tertve years of the annual interes s e rt What would be return value the $14.500 compound interest rate? $14,000 $16.600 513,00
If $10,000 is invested in a money market account that earns an annual rate of interest of r, and interest is compounded weekly, then after 10 years the future value ( FV ) of the initial investment is given by the formula FV = 10,000[1+ r/ 52 ] ^ 520. (a) How does the future value change with the annual rate of interest? (b) Derive the elasticity of the future value with respect to the annual rate of interest? (c)...