Question

In: Finance

What is the future value of $6,000 invested for 5 years at 10% compounded annually?

What is the future value of $6,000 invested for 5 years at 10% compounded annually? 


A. 9,255 B. 8,902 C. 9,751 D. 9,663

Solutions

Expert Solution

Working: -

PLEASE UPVOTE FOR THE SOLUTION

THANKS


Related Solutions

What is the future value of $646 invested for 19 years at 16.0 percent compounded annually?
What is the future value of $646 invested for 19 years at 16.0 percent compounded annually?Do not round intermediate calculations. Round your answer to the nearest cent.  
Compute the future value of: An initial $2,000 compounded annually for 10 years at 8% An...
Compute the future value of: An initial $2,000 compounded annually for 10 years at 8% An initial $2,000 compounded annually for 10 years at 10% An annuity of $2,000 for 10 years at 8% An annuity of $2,000 for 10 years at 10%
Calculate the future value of $6,000 in a. 5 years at an interest rate of 10%...
Calculate the future value of $6,000 in a. 5 years at an interest rate of 10% per year (round to the nearest dollar) b. 10 years at an interest rate of 10% per year (round to the nearest dollar) c. 5 years at an interest rate of 20% per year (round to the nearest dollar) d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? (choose from the...
1. What is the future value $490 per yearfor 8 years compounded annually at 10 percent?...
1. What is the future value $490 per yearfor 8 years compounded annually at 10 percent? 2. Whats is the present value of $3,000 per year for 8 years discounted back to the present at 10 percent?
What is the future value of $7,189 invested for 23 years at 9.25% compounded monthly? (Please...
What is the future value of $7,189 invested for 23 years at 9.25% compounded monthly? (Please show how to use financial calculator for this problem)
(Future value) To what amount will $ 4800 invested for 8 years at 9 percent compounded...
(Future value) To what amount will $ 4800 invested for 8 years at 9 percent compounded annually accumulate? $4800 invested for 8 years at 9 percent compounded annually will accumulate to $ _____ (Round to the nearest cent.)
What will 6000 USD invested for 10 years at 6 percent compounded annually grow to? How...
What will 6000 USD invested for 10 years at 6 percent compounded annually grow to? How many years will it take 400 USD to grow to 1 671 USD if it is invested at 10 percent compounded annually? At what rate would 1000 USD have to be invested to grow to 4046 USD in 10 years? Calculate the future sum of 1000 USD, given that it will be held in the bank for 5 years and earn 10 percent compounded...
If 6,000 is invested at 8% compounded countinously, what is the amount after 4 years? the...
If 6,000 is invested at 8% compounded countinously, what is the amount after 4 years? the answer is 8,262.77 but i want to see how to solve it!
What is the future value of $850 received today if it is invested at 7.5%, compounded...
What is the future value of $850 received today if it is invested at 7.5%, compounded annually for 11 years?
What is the difference in future value if $40,000 is invested at 5% over twenty years,...
What is the difference in future value if $40,000 is invested at 5% over twenty years, with one option compounding interest annually, while the other is based on monthly compounding?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT