What is the future value of $500 deposited for one year earning a 8 percent interest rate annually.
Answer to relevant QuestionsWhat is the future value of $400 deposited for one year earning an interest rate of 9 percent per year?What is the present value of a $350 payment in one year when the discount rate is 10 percent?Consider a $5,000 deposit earning 10 percent interest per year for 10 years. What is the future value, how much total interest is earned on the original deposit, and how much is interest earned on interest?What annual rate of return is earned on a $5,000 investment when it grows to $9,500 in five years? Ten years ago, Hailey invested $2,000 and locked in a 9 percent annual interest rate for 30 years (end 20 years from now). Aidan can make a 20-year investment today and lock in a 10 percent interest rate. How much money ...
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