Math

posted by .

12 years at 5% compounded annually what is the future value of $557?

  • Math -

    FV=PV*(1+i)^n
    i=interest per period (year) expressed in fraction, =0.05 in this case.
    n=number of periods (year), = 12 in this case

    Your calculator can now be put to good use.

    Post for an answer check if necessary.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math,correction

    can someone correct these for me thanks.. Problem #4 Find the effective rate corresponding to the given nominal 18% compounded quarterly. My answer: 19.2% Problem #7 Find the future value of the ordinary annuity If R= $2500,I=5% interest …
  2. Accounting

    Calculate the future value of the following: o $5,000 compounded annually at 6% for 5 years o $5,000 compounded semiannually at 6% for 5 years o $5,000 compounded quarterly at 6% for 5 years o $5,000 compounded annually at 6% for 6 …
  3. Finances and Math

    Can someone please help me solve these problems or help me find an easy formula?
  4. Accounting

    How do I calculate the future value of the following?
  5. math

    Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually.
  6. college math

    Calculate the future value of an ordinary annuity consisting of annual payments of $1,000 for 4 years if the payments earn 10.70% compounded annually for the first 2 years and 9% compounded annually for the last 2 years. For full marks …
  7. Math

    What is the future value of $800 invested for 14 years at 11 percent compounded annually
  8. Math

    what is the future value of $490 per year for ten years compounded annually at 11%
  9. finance

    Find the future value of an annuity when payment is $4000.00 annually, interest is 0.5% compounded annually and he term is 5 years.
  10. math

    determine the term of $2100 with an interest rate of 21.77% a compounded semi-annually if the future value is $5900 7 years 5 years 30 years 16 years

More Similar Questions