Question

What is the future value i I plan to invest $200,000 for 5 years and the interest rate is 5%?

Answer 1

Initial capital $200,000

Period 5 years

interest rate 5%

Interest year 1 $10,000.00

Interest year 2 $10,500.00

Interest year 3 $11,025.00

Interest year 4 $11,576.25

Interest year 5 $12,155.06

Future Value= $255256.31

See the image attached