How much will you have at the end of 20 years if you invest $100 today at an interest rate of 15% compounded annually?

Question:

Future Value of Money:

The future value of money determines the worth of an amount invested today on a specified future date. Future value and present value computations help in capital budgeting decisions.

Answer and Explanation:1

Become a Study.com member to unlock this answer!Createyouraccount

View this answer

At the end of 20 years, we will have $1,636.65.

Knwoing that:

Future value = {eq}PV * (1 + i)^{n}{/eq}

Where,

PV = Present value
i = interest...

Become a member and unlock all StudyAnswers

Start today. Try it now

Create an account

Ask a question

Our experts can answer your tough homework and study questions.

Ask a question Ask a question

Search Answers

Learn more about this topic:

Get access to this video and our entire Q&A library

Try it now

Related to this Question

How much will you have at the end of 20 years if you invest $100 today at an interest rate of 15% compounded semiannually?
How much will you have at the end of 20 years if you invest $100 today at an interest rate of 15% compounded continuously?
How much will you have at the end of 20 years if you invest $100 today at an interest rate of 15% compounded monthly?
If you invest $150 at an interest rate of 10% compounded continuously, how much money will you have at the end of 3 years?
If you invest $150 at an interest rate of 10% compounded annually, how much money will you have at the end of 3 years?
You invest $2,500 today at an interest rate of 20% compounded annually. How much will you accumulate after 35 years?
How much would $8,000 due in 5 years be worth today if the interest rate is 5% compounded monthly?
If you invest $750 today at an interest rate of 7.5% compounded monthly, how much will you have in your account after 8 years?
If you invest $750 today at an interest rate of 7.5% compounded monthly, how much will you have in your account after 14 years?
How much will you have at the end of 20 years if you invest $100 today at an interest rate of 15% compounded quarterly?
If you invest $150 at an interest rate of 10% compounded monthly, how much money will you have at the end of 3 years?
If you invest $3,000 today at an interest rate of 5.5%, compounded daily, how much money will you have in your account in 10 years?
If you invest $3,000 today at an interest rate of 5.5%, compounded annually, how much money will you have in your account in 5 years?
If you invest $3,000 today at an interest rate of 5.5%, compounded monthly, how much money will you have in your account in 10 years?
If you invest $3,000 today at an interest rate of 5.5%, compounded monthly, how much money will you have in your account in 5 years?
If you invest $3,000 today at an interest rate of 5.5%, compounded annually, how much money will you have in your account in 2 years?
If you invest $3,000 today at an interest rate of 5.5%, compounded annually, how much money will you have in your account in 10 years?
If you invest $750 today at an interest rate of 7.5% compounded monthly, how much will you have in your account after 3 years?
If we want $3,400 five years from now and the interest rate is 9% compounded annually, how much should we invest today?
If we want $9,800 six years from now and the interest rate is 8% compounded annually, how much should we invest today?
If you invest $3,000 today at an interest rate of 5.5%, compounded monthly, how much money will you have in your account in 2 years?
How many years will it take for $995 to become $2,800 at an interest rate of 12% compounded monthly?
You invest $ 5,000.00 8 years ago, and it is now $8,450.00. What is your annual compounded interest rate?
If you invest $9,000 today, how much will you have in 25 years at 14 percent (compounded semiannually)?
How many years will it take for $2,100 to become $5,200 at an interest rate of 12% compounded annually?
How much will $100 grow to if invested at a continuously compounded interest rate of 10.5% for 7 years?
How much will $100 grow to, if invested at a continuously compounded interest rate if 8% for 12.25 years?
How much will $100 grow to, if invested at a continuously compounded interest rate of 12.25% for 8 years?
If we want $2,000 three years from now and the interest rate is 8% compounded annually, how much should we invest today?
How long (in years) would $600 have to be invested at 11.3%, compounded continuously, to earn $400 interest?
What amount of money must be invested today in order to grow to $16,000 in 9 years at an interest rate of 8% compounded monthly?
What amount of money must be invested today in order to grow to $6,000 in 5 years at an interest rate of 7% compounded continuously?
What amount of money must be invested today in order to grow to $6,000 in 4 years at an interest rate of 9% compounded quarterly?
What amount of money must be invested today in order to grow to $16,000 in 9 years at an interest rate of 8% compounded quarterly?
What amount of money must be invested today in order to grow to $6,000 in 4 years at an interest rate of 9% compounded annually?
What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded continuously?
What amount of money must be invested today in order to grow to $16,000 in 9 years at an interest rate of 8% compounded annually?
What amount of money must be invested today in order to grow to $16,000 in 9 years at an interest rate of 8% compounded continuously?
What amount of money must be invested today in order to grow to $2,000 in 3 years at an interest rate of 5% compounded monthly?
What amount of money must be invested today in order to grow to $6,000 in 5 years at an interest rate of 7% compounded monthly?
If you invest $500 today in an account that pays 6 percent interest compounded annually, how much will be in your account after two years?
If you invest $400 today at an interest rate of 6.5%, what is its future value in 10 years with interest compounded annually?
If you invest $16,000 today at an interest rate of 8%, what is its future value in 6 years with interest compounded annually?
If you invest $5,100 today at an interest rate of 9%, what is its future value in 5 years with interest compounded annually?
If you invest $800 today at an interest rate of 9%, what is its future value in 5 years with interest compounded continuously?
If you invest $16,000 today at an interest rate of 8%, what is its future value in 15 years with interest compounded annually?
If you invest $3,500 today at an interest rate of 10%, what is its future value in 15 years with interest compounded monthly?
If you invest $54,000 today at an interest rate of 9%, what is its future value in 7 years with interest compounded monthly?
If you invest $800 today at an interest rate of 9%, what is its future value in 5 years with interest compounded annually?
If you invest $16,000 today at an interest rate of 8%, what is its future value in 3 years with interest compounded annually?
If you invest $5,100 today at an interest rate of 9%, what is its future value in 5 years with interest compounded quarterly?
If you invest $16,000 today at an interest rate of 8%, what is its future value in 9 years with interest compounded annually?
If you invest $54,000 today at an interest rate of 9%, what is its future value in 7 years with interest compounded continuously?
If you invest $3,500 today at an interest rate of 10%, what is its future value in 15 years with interest compounded annually?
If you invest $400 today at an interest rate of 6.5%, what is its future value in 5 years with interest compounded monthly?
If you invest $54,000 today at an interest rate of 9%, what is its future value in 21 years with interest compounded monthly?
If you invest $700 today at an interest rate of 7%, what is its future value in 4 years with interest compounded monthly?
If you invest $400 today at an interest rate of 6.5%, what is its future value in 5 years with interest compounded annually?
If you invest $54,000 today at an interest rate of 9%, what is its future value in 7 years with interest compounded annually?
If you invest $2,100 today at an interest rate of 8%, what is its future value in 10 years with interest compounded annually?
If you invest $400 today at an interest rate of 6.5%, what is its future value in 5 years with interest compounded continuously?
If you invest $16,000 today at an interest rate of 8%, what is its future value in 12 years with interest compounded annually?
If you invest $5,100 today at an interest rate of 9%, what is its future value in 5 years with interest compounded monthly?
If you invest $3,500 today at an interest rate of 10%, what is its future value in 15 years with interest compounded continuously?
If you invest $700 today at an interest rate of 7%, what is its future value in 8 years with interest compounded monthly?
If you invest $800 today at an interest rate of 9%, what is its future value in 5 years with interest compounded monthly?
If you invest $800 today at an interest rate of 9%, what is its future value in 5 years with interest compounded quarterly?
What is the future value of $1,000 after 2 years at a 10% compounded interest rate?
In five years we need $25,000. How much do we deposit today if the annual interest rate is 8%, compounded monthly?
You have $1,500 to invest today at 7 percent interest compounded annually. How much will you have accumulated in the account at the end of the following number of years? a) 1. 3 years b) 2. 6 years c) 3. 9 years
If you invest $8,000 in an account that pays 5% interest compounded monthly, how much money will you have at the end of 9 years?
If you invest $750 every six months at 6% interest compounded semiannually, how much would you accumulate at the end of 15 years?
What is the future value of $2,580 in 6 years if the interest rate is 7% compounded monthly?
What is the future value of $1,150 in 4 years if the interest rate is 8% compounded annually?
What is the future value of $2,580 in 6 years if the interest rate is 7% compounded annually?
What is the future value of $1,150 in 4 years if the interest rate is 8% compounded monthly?
If you invest $500 today in an account that pays 6% interest compounded annually, how much will be your account after 2 years?
What is the value of $2,200 invested for 3 years at 5% interest compounded monthly?
What is the value of $2,200 invested for 8 years at 5% interest compounded monthly?
How much money do you need to invest today to have $35,000 in 15 years if your investment earns 10% interest compounded annually?
How much money do you need to invest today to have $12,000 in 6 years if your investment earns 10% interest compounded monthly?
How much money do you need to invest today to have $15,000 in 5 years if your investment earns 12% interest compounded monthly?
How much money do you need to invest today to have $4,000 in 3 years if your investment earns 10% interest compounded monthly?
How much money do you need to invest today to have $12,000 in 3 years if your investment earns 10% interest compounded monthly?
How much money do you need to invest today to have $16,000 in 8 years if your investment earns 9% interest compounded monthly?
How much money do you need to invest today to have $7,000 in 4 years if your investment earns 10% interest compounded monthly?
How much money do you need to invest today to have $15,000 in 5 years if your investment earns 12% interest compounded annually?
How much money do you need to invest today to have $14,000 in 6 years if your investment earns 8.5% interest compounded monthly?
How much money do you need to invest today to have $12,000 in 9 years if your investment earns 10% interest compounded monthly?
How much money do you need to invest today to have $18,000 in 8 years if your investment earns 12% interest compounded monthly?
How much money do you need to invest today to have $15,000 in 8 years if your investment earns 9.5% interest compounded monthly?
How much money do you need to invest today to have $15,000 in 8 years if your investment earns 9.5% interest compounded quarterly?
How much money do you need to invest today to have $10,000 in 5 years if your investment earns 8% interest compounded monthly?
How much money do you need to invest today to have $21,000 in 5 years if your investment earns 12% interest compounded monthly?
How much money do you need to invest today to have $12,000 in 12 years if your investment earns 10% interest compounded monthly?
How much money do you need to invest today to have $15,000 in 8 years if your investment earns 9.5% interest compounded annually?
How much money do you need to invest today to have $15,000 in 8 years if your investment earns 9.5% interest compounded continuously?
How much money do you need to invest today to have $35,000 in 15 years if your investment earns 10% interest compounded monthly?
How much must be invested today to have $1,000 in two years if the interest rate is 5%?
How much must be invested at an interest rate of 7.25% compounded quarterly to have $10,000 in two years?

Explore our homework questions and answers library

Browse

Browseby subject

- Math
- Social Sciences
- Science
- Business
- Humanities
- History
- Art and Design
- Tech and Engineering
- Health and Medicine

Ask a Question

To ask a site support question,click here

How much will you have at the end of 20 years if you invest $100 today at an interest rate of 15% compounded annually? | Homework.Study.com (2024)