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What is the future value of a one time investment of $5000 after 20 years assuming...

What is the future value of a one time investment of $5000 after 20 years assuming an interest rate of 12% compounded quarterly?

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Expert Solution

Quarters Compounding rate 3%
1 1.0300
2 1.0609
3 1.0927
4 1.1255
5 1.1593
6 1.1941
7 1.2299
8 1.2668
9 1.3048
10 1.3439
11 1.3842
12 1.4258
13 1.4685
14 1.5126
15 1.5580
16 1.6047
17 1.6528
18 1.7024
19 1.7535
20 1.8061
21 1.8603
22 1.9161
23 1.9736
24 2.0328
25 2.0938
26 2.1566
27 2.2213
28 2.2879
29 2.3566
30 2.4273
31 2.5001
32 2.5751
33 2.6523
34 2.7319
35 2.8139
36 2.8983
37 2.9852
38 3.0748
39 3.1670
40 3.2620
41 3.3599
42 3.4607
43 3.5645
44 3.6715
45 3.7816
46 3.8950
47 4.0119
48 4.1323
49 4.2562
50 4.3839
51 4.5154
52 4.6509
53 4.7904
54 4.9341
55 5.0821
56 5.2346
57 5.3917
58 5.5534
59 5.7200
60 5.8916
61 6.0684
62 6.2504
63 6.4379
64 6.6311
65 6.8300
66 7.0349
67 7.2459
68 7.4633
69 7.6872
70 7.9178
71 8.1554
72 8.4000
73 8.6520
74 8.9116
75 9.1789
76 9.4543
77 9.7379
78 10.0301
79 10.3310
80 10.6409

jeff jeffy answered 2 years ago
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