Business Finance Future Value

label Business & Finance
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

10,000 is placed in a savings account at 8% interest.  What is the account worth in 50 years?

25,000 is placed in a savings account paying 5.75% in it needs to grow to 85,000.  How many years will it take

Feb 17th, 2015

$10,000 multiplied by .08 is $800

$800 times 50 years is $40,000 + the original amount of $10,000=50,000


25,000 is placed in a savings account paying 5.75% in it needs to grow to 85,000.  How many years will it take?

$25,000 multiplied by .0575 is $14,375 earned each year.


Feb 17th, 2015

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Feb 17th, 2015
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Feb 17th, 2015
Jun 26th, 2017
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