Question 174245
For annual compounding:


{{{FV = P(1+r)^n}}} where P is the principal amount, r is the interest rate per compounding period expressed as a decimal, and n is the number of compounding periods.


For your example:


{{{P=760000}}}
{{{r=0.05}}}
{{{n=5}}}


You can just use your calculator, or type the following into a cell on a spreadsheet:


=760000*1.05^5


For continuous compounding:


{{{FV=Pe^(rt)}}}, where P is the principal, e is the base of the natural logarithms, r is the annual rate, and t is the number of years.


Again, use your calculator or type the following into a cell on a spreadsheet:


=760000*exp(.05*5)