+0  
 
0
636
1
avatar

$10,000 at 12% compounded yearly for 40 years

 Aug 1, 2014

Best Answer 

 #1
avatar+130511 
+8

Amount after 40 years is gien by:

 

$${\mathtt{10\,000}}{\mathtt{\,\times\,}}{\left({\mathtt{1}}{\mathtt{\,\small\textbf+\,}}{\mathtt{0.12}}\right)}^{{\mathtt{40}}} = {\mathtt{930\,509.704\: \!413\: \!636\: \!961\: \!516\: \!1}}$$

Which is (rounded to the nearest cent)........  $ 930, 509. 70 

 

 Aug 1, 2014
 #1
avatar+130511 
+8
Best Answer

Amount after 40 years is gien by:

 

$${\mathtt{10\,000}}{\mathtt{\,\times\,}}{\left({\mathtt{1}}{\mathtt{\,\small\textbf+\,}}{\mathtt{0.12}}\right)}^{{\mathtt{40}}} = {\mathtt{930\,509.704\: \!413\: \!636\: \!961\: \!516\: \!1}}$$

Which is (rounded to the nearest cent)........  $ 930, 509. 70 

 

CPhill Aug 1, 2014

1 Online Users