Wednesday

January 28, 2015

January 28, 2015

Posted by **Abb** on Sunday, July 8, 2012 at 12:58am.

- Math -
**Gaurav**, Sunday, July 8, 2012 at 1:06amNew Value of account= $5000*(1+12/100)^5

= $8811.7

- Math -
**Steve**, Sunday, July 8, 2012 at 6:19amThat is the amount compounded annually.

Compounded monthly you get

5000(1+.12/12)^(12*5) = 9083.43

**Answer this Question**

**Related Questions**

Math 111 - Suppose that $5000 is invested in an account with an account with an ...

Math - Suppose $3500 is invested in an account with an APR of 11% compounded ...

Compound math - (Future Value) Suppose you invest $8000 into an account that ...

math - Suppose $15000 is invested in an account for 6 years. Find the balance in...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...

finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...

Math - Suppose that you invest $6384 in an account that earns interest at an APR...

Algebra - Suppose that P dollars are invested in a savings account at interest ...

Finance 370 - what is the future value of $5000 in a bank account of 7 years at ...

Help math calc - Find the future value of $700 deposited at 3% for 9 years if ...