# Time value of money

Find the value of 10000 in ten years. Investment 5% per year .

1. 👍 1
2. 👎 0
3. 👁 115
1. That's even easier than your previous problem.
btw, my answer should have used 10,000 instead of 1000.

1. 👍 1
2. 👎 0

## Similar Questions

1. ### finance

A thirty year US Treasury bond has a 4.0% interest rate.In contrast a ten year treasury bond has an interest rate of 3.7%. If inflation is expected to average 1.5% points over both the next ten years and thirty years, determine

asked by fran taylor on January 27, 2012
2. ### math

At the beginning of every year, a man deposited \$ 10,000 in a financial institution which paid compound interest at the rate of 20% p.a. He stopped further deposits after three years. The Money remained invested in the financial

asked by kudu please check is it corret? on February 6, 2015
3. ### math

how much will a \$10000 investment compounded continuously at 8% be worth in 10 year?

asked by Payten on December 5, 2012
4. ### Math

Raymond puts the money he inherited in an investment that earns 4.4% per year, compound semi-annually. After 12 years his investment had grown to \$35,402.06. Raymond then invested the \$35,403.06 at 5% per year, compound quarterly

asked by george on January 21, 2015
5. ### COLLEGE ALGEBRA

An investment of \$63,000 was made by a business club. The investment was split into three parts and lasted one year. The first part of the investment earned 8% interest, the second 6% and the third 9%. Total interest from the

asked by AMBER on March 25, 2012
1. ### College Algebra

Investment A: \$5,000 invested for 7 years compounded semiannually at 9%. Investment B: \$ 6,000 invested for 5 years compounded quarterly at 4.1%. Find each total for each investment and determine which investment results are

asked by Shawntee on January 6, 2011
2. ### finance

Suppose that you are 25 years old and you have two options to save money for retirement. Plan A allows you to save \$3000 per year for the next 20 years, then sit for 20 years and finally draw on it for the following 30 years. Plan

asked by Jessie on January 15, 2013
3. ### Precalc

An investment of \$37,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, and the the third 9%. Total interest from

asked by Kai on November 28, 2012
4. ### college alg HELP!

I cannot figure a way to do this problem: An investment of \$98,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%,

asked by samantha on November 18, 2010
5. ### Algebra 2

a total of \$1381.8 per year is received in interest from three investments. the interest rates for the three investments are 4.9%, 7.5%, and 8.6%. the 4.9\$ investment is half of the 7.5% investment and the 7.5% investment is 1400

asked by Emily on October 18, 2012
6. ### college alg help!

cannot figure a way to do this problem: An investment of \$98,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%,

asked by alexandra on November 18, 2010