You invested $40,000, that pays 12% interest yearly, compounded, what is it worth in 50 years?

Question

You invested $40,000 in an account that pays 12% interest per year, compounded continuously, what is it worth in 50 years?

Answer 1

You invested $40,000, that pays 12% interest yearly, compounded, what is it worth in 50 years?

Answer 2

You invested $40,000, that pays 6% interest yearly, compounded, what is it worth in 50 years?

 

Answer 3

You invested $40,000, that pays 6% interest yearly, compounded, what is it worth in 50 years?

Answer 4

How much will Abram have if he invests 40 000 at 12% p.a. For ten years and interest is compounded semi-yearly?

Answer 5

The formula is A=P(1+r)^T where T is the number of time periods over which compound interest applies, r is the period rate, P is the principal initial amount, and A the amount after the time period. In the question r=0.12 (12%), P=$40,000, T=50. A=40000*1.12^50=$11,560,087.59.