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Solution:
Future value of an Investment at r% for n years is given by:
Future Value = Initial Investment (1 + r/100)n
If r = 10% and n = 10 years
Future Value = 10000(1 + 10/100)10
= 10000(1.1)10
= 10000(2.594)
= $ 25940
Hence the required value is$ 25940.
Summary:
The future value of the investment of $10000 after 10 years at 10% will be $ 25940.
Math worksheets and
visual curriculum
If you invest $10,000 today at 10% interest, how much will you have in 10 years? Summary: The future value of the investment of $10000 after 10 years at 10% will be $ 25940.
How much must you invest today at 10% interest in order to see your investment grow to $15,000 in 3 years? ›The correct answer is d) $11,265. You must invest $11,265 today at a 10% interest rate to have your investment grow to $15,000 in 3 years, which is option d).
How many years will it take to double your investment of $10 000 at an interest rate of 6? ›You simply take 72 and divide it by the interest rate number. So, if the interest rate is 6%, you would divide 72 by 6 to get 12. This means that the investment will take about 12 years to double with a 6% fixed annual interest rate.
How long will it take $10,000 to reach $50,000 if it earns 10% annual interest compounded semiannually? ›It will take approximately 16.5 years for $10,000 to reach $50,000 with a 10% annual interest rate compounded semiannually.
How much must you invest at 10% interest in order to see your investment grow to $5000 in 5 years? ›To calculate the amount you would need to invest today at 10% interest in order to see your investment grow to $5,000 in 5 years, you can use the formula for compound interest . Answer : you would need to invest approximately $3,791.00 today at 10% interest to see your investment grow to $5,000 in 5 years.
How much will you have in 10 years if you invest $10 000 today at 10 interest? ›If you invest $10,000 today at 10% interest, how much will you have in 10 years? Hence the required value is $ 25940.
How much will I have if I invest $500 a month for 10 years? ›If you invested $500 a month for 10 years and earned a 4% rate of return, you'd have $73,625 today. If you invested $500 a month for 10 years and earned a 6% rate of return, you'd have $81,940 today. If you invested $500 a month for 10 years and earned an 8% rate of return, you'd have $91,473 today.
How much is $10000 compound interest over 10 years? ›Compounding with additional contributions
We started with $10,000 and ended up with $6,486.65 in interest after 10 years in an account with a 5% annual yield.
What is the future value of $10,000 on deposit for 5 years at 6% simple interest? Hence the required future value is $13,000.
What is $5000 invested for 10 years at 10 percent compounded annually? ›Answer and Explanation:
Invested amount or present value (PV) = $5,000. The future value of the investment is $12,968.71. It is the accumulated value of investing $5,000 for 10 years at a rate of 10% compound interest.
Making $4,000 a month based on your investments alone is not a small feat. For example, if you have an investment or combination of investments with a 9.5% yield, you would have to invest $500,000 or more potentially. This is a high amount, but could almost guarantee you a $4,000 monthly dividend income.
How do I invest to get 10% return? ›Imagine you wish to amass $3000 monthly from your investments, amounting to $36,000 annually. If you park your funds in a savings account offering a 2% annual interest rate, you'd need to inject roughly $1.8 million into the account.
How much would you have to invest today to receive $15000 in 8 years at 10 percent? ›Short Answer
An investor has to invest $6,997.61 today in order to receive $15,000 in 8 years.
However, the more precise method to calculate the exact number of years is using the exact doubling time which is 7.27 years, based on compound interest. Therefore, the correct answer to the question of how long it will take to double a $2,000 investement at 10% interest is A. 7.27 years.
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