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%?

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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

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