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Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest…

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest…
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Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the future value if the interest rate is a simple interest rate?.

asked
User Calebm
by
7.6k points

1 Answer

8 votes

Answer:

$14,693.28 (COMPOUNDED ANNUELY)

$14,859.47 (COMPOUNDED QUARTELY)

$14.000. (SIMPLE)

Step-by-step explanation:

answered
User Alexblum
by
8.2k points
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