Using the Geometeric formula:

A person deposited $500 in a savings account that pays 5% annual interest that is compounded yearly. At the end of ten years how much savings will there be in the savings account?
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90 Answers

500*(1.05)^10 = 814.45

this is different from what you specified by the title
by Level 3 User (2.1k points)
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365x50= 18250x$12.50 Please help me Thank you
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The following information relates to three (3) possible capital expenditure projects. Because of capital rationing only one project can be accepted.

 

                   Projects

                                                                  A                    B                      C

Initial cost                               $200,000         $230,000         $180,000

            Expected life                   5 years             5 years             4 years

Scrap value expected                $10,000           $15,000             $8,000

 

Expected cash inflows                                $                     $                       $

End Year         1                          80,000           100,000             55,000

                        2                          70,000             70,000             65,000

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                        4                          60,000             50,000           100,000

                        5                          55,000             50,000                 -

 

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            Year 1             0.8475

            Year 2             0.7182

            Year 3             0.6086

            Year 4             0.5158

            Year 5             0.4371

 

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  3. The Net Present Value (NPV) of each project
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  5. Explain the factors management would need to consider – in addition to the financial factors before making a final decision on a project.                               
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by Level 1 User (140 points)
P = $500

R = 5%

T = 10 years

I = ?? A = ??

Formula: I = PRT/100 = (500*5*10)/100 I = $250

now, A = P + I = $500 + $250 = $750

the amount in saving account will be $750
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500 * (1.05)^10 = 814.45
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500=P(Present Value) .05 or 5%=nominal rate(j) 10=period(n) annually=conversion period(m) I=P(1+j/m)^nm I=500*(1+.05)^10 I=814.45
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by Level 2 User (1.8k points)

A person deposited 5000 in a savings account that pays 12% monthly interest that is compounded monthly. At the end of Twelve years how much savings will there be in the savings account with interest?

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=500*5%+=525*10=5250
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814.45 is your answer
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814.45 is your answer!!!!!!! hope this helps
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