Question 1046944
f = p * (1 + r) ^ n


f is the future value
p is the present value
r is the interest rate per time period (years)
n is the number of time periods (years)


formula becomes:


f = 100,000 * (1.06) ^ n


using this formula, you get for each year the following:


<pre>


n          f = 100,000 * (1.06)^n

0              100,000
1              106,000
2              112,360
3              119,101.6
4              126,247.696
5              133,822.5578

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