# SOLUTION: Need help with finance. Please please help. Thank you so much. To what amount will the following investments accumulate? a. \$5,000 invested for 10 years at 10 percent compoun

Algebra ->  Algebra  -> Finance -> SOLUTION: Need help with finance. Please please help. Thank you so much. To what amount will the following investments accumulate? a. \$5,000 invested for 10 years at 10 percent compoun      Log On

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 Algebra in Finance Solvers Lessons Answers archive Quiz In Depth

 Question 202873: Need help with finance. Please please help. Thank you so much. To what amount will the following investments accumulate? a. \$5,000 invested for 10 years at 10 percent compounded annually b. \$8,000 invested for 7 years at 8 percent compounded annually C. \$775 invested for 12 years at 12 percent compounded annually D. \$21,000 invested for 5 years at 5 percent compounded annually Answer by rfer(12660)   (Show Source): You can put this solution on YOUR website!FV=P(1+r)^n -------------------------- a) 5000(1+.10)^10 5000(1.10)^10 5000*2.59734246=\$12986.71 ------------------------- b) 8000(1+.08)^7 8000(1.08)^7 8000*1.713824269=\$13710.59 --------------------------- The procedure is the same for the other two. Give them a try. Good luck.