# Future value

Suppose you invested $1000 per quarter over a 15 years period. If money earns an annual rate of 6.5% compounded quarterly, how much would be available at the end of the time period? How much is the interest earned?

### Correct answer:

Tips for related online calculators

#### You need to know the following knowledge to solve this word math problem:

#### Units of physical quantities:

#### Themes, topics:

#### Grade of the word problem:

## Related math problems and questions:

- Monthly payments 2

Suppose you have selected a new car to purchase for $19,500. If we can finance the car over four years at an annual rate of 6.9% compounded monthly, how much will your monthly payments be? - Annual pension

Calculate the amount of money generating an annual pension of EUR 1000, payable at the end of the year and for a period of 10 years, which shall be inserted into the bank to account with an annual interest rate of 2% - How much 2

How much money would you need to deposit today at 5% annual interest compounded monthly to have $2000 in the account after nine years? - Deposit account

If you deposit $4500 at a quarterly 5% annual interest compound, how much money will be in the account after ten years? - Dream home

You finally found your dream home. It sells for $120,000 and can be purchased by paying 10% down and financing the balance at an annual rate of 9.6% compounded monthly. a) How much are your payments if you pay monthly for 30 years? b) Determine how much w - Interest compounded annually

If you deposit $4500 at 5% annual interest compounded annually, how much money will be in the account after ten years? - Saving for education

Suppose a couple invested Php 50 000 in an account when their child was born to prepare for a college education. If the average interest rate is 4.4% compounded annually, a, Give an exponential model for the situation b, Will the money be doubled by the t - Melanie

Melanie invests a total of $21,500 in two accounts. The first account earned a rate of return of 15% (after a year). However, the second account suffered a 10% loss in the same time period. At the end of one year, the total amount of money gained was $225 - Retirement annuity

How much will it cost to purchase a two-level retirement annuity that will pay $2000 at the end of every month for the first ten years and $3000 per month for the next 15 years? Assume that the payment represents a rate of return to the person receiving t - Compound Interest

If you deposit $6000 in an account paying 6.5% annual interest compounded quarterly, how long until there is $12600 in the account? - Deposit

We deposited a total of $15,000 into simple interest accounts. The annual simple interest rate on one account at 6% the annual simple interest rate on the second account at 7%. How much should be invested in each account so that the total interest earned - If you 4

If you deposit $2500 in an account paying 11% annual interest compounded quarterly, how long until there is the $4500 in the account? - You take

You take out Php 20000 loan at a 5% interest rate. If the interest is compounded annually, a. Give an exponential model for the situation b. How much Will you owe after ten years? - Interest

Calculate how much you earn for 10 years 43000 deposit if the interest rate is 1.3% and the interest period is a quarter. - Annual interest

A loan of 10 000 euros is to be repaid in annual payments over ten years. Assuming a fixed 10% annual interest rate compounded annually, calculate: (a) the amount of each annual repayment (b) the total interest paid. - Bank

Paul put 10000 in the bank for 6 years. Calculate how much you will have in the bank if he does not pick earned interest or change deposit conditions. The annual interest rate is 3.5%, and the tax on interest is 10%. - What amount

What amount of money will be required to repay a loan of $30000 on June 1, 2008? If the loan was made on September 1, 2001, at the interest rate of 14% compounded quarterly.