mcshall1966 mcshall1966

11-11-2019
Business

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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

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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