FV, one of the financial functions, calculates the future value of an investment based on a constant interest rate.
Answer and Explanation: The future value of $800 at 8 percent after six years equals $1,269.50.
The future value of $1,500 invested at a 5% rate for 7 years is $2,103.83.
$5,921.50. What is the future value of $2,928 invested for 8 years at 4.5 percent compounded annually?
The future value of $10,000 on deposit for 2 years at 6% simple interest is $11200.
- At 7% compounded monthly, it will take approximately 11.6 years for $4,000 to grow to $9,000. - At 6% compounded quarterly, it will take approximately 13.6 years for $4,000 to grow to $9,000.
The table below shows the present value (PV) of $1,000 in 20 years for interest rates from 2% to 30%. As you will see, the future value of $1,000 over 20 years can range from $1,485.95 to $190,049.64.
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.
Now we can calculate the future value using the formula: Future Value = Loan Amount * (1 + Monthly Interest Rate)^Number of Payments Future Value = $20,000 * (1 + 0.01)^60 Calculating this, we get: Future Value = $20,000 * (1.01)^60 Future Value ≈ $36,333.93 Therefore, the correct answer is $36,333.93.
The future value formula is FV=PV*(1+r)^n, where PV is the present value of the investment, r is the annual interest rate, and n is the number of years the money is invested. The Excel function FV can be used when there is a constant interest rate.
Calculator Use
The future value formula is FV=PV(1+i)n, where the present value PV increases for each period into the future by a factor of 1 + i. The future value calculator uses multiple variables in the FV calculation: The present value sum. Number of time periods, typically years.
For example, if you were to invest $1000 today at a 5% annual rate, you could use a future value calculation to determine that this investment would be worth $1628.89 in ten years.
The formula for the FV function in Excel is =FV(rate,nper,pmt,[pv],[type]) where rate is the interest rate per period, nper is the total number of payment periods in an annuity, pmt is the payment made each period and cannot change over the life of the annuity, pv is the present value or the lump-sum amount that a ...
a) The real value in today's dollar is $283,669.15. The value of the $1 million today is the value of $1 million discounted at the inflation rate of 3.2% for 40 years, i.e., 1 , 000 , 000 ( 1 + 3.2 % ) 40 = 283 , 669.15.
$3,000 X 12 months = $36,000 per year. $36,000 / 6% dividend yield = $600,000. On the other hand, if you're more risk-averse and prefer a portfolio yielding 2%, you'd need to invest $1.8 million to reach the $3,000 per month target: $3,000 X 12 months = $36,000 per year.
If you are starting from scratch, you will need to invest about $4,757 at the end of every month for 10 years. Suppose you already have $100,000. Then you will only need $3,390 at the end of every month to become a millionaire in 10 years.
The S&P 500 has a historical annualized return of about 10% over time, meaning investors can expect an investment to double every seven years on average. Buy a low-cost index fund that tracks the S&P 500; your $100,000 could grow to $1 million in about 23 years.
The amount after 10 years will be Rs. 12970.
Answer and Explanation:
So, a $100 at the end of each year forever is worth $1,000 in today's terms.
So, Rs. 500 will amount to Rs. 1297 (approx) in 10 years.