{"id":35408,"date":"2024-03-29T09:39:14","date_gmt":"2024-03-29T09:39:14","guid":{"rendered":"https:\/\/www.greatassignmenthelp.com\/questions\/?p=35408"},"modified":"2024-03-30T06:10:10","modified_gmt":"2024-03-30T06:10:10","slug":"15000-at-15-compounded-annually-for-5-years","status":"publish","type":"post","link":"https:\/\/www.greatassignmenthelp.com\/questions\/15000-at-15-compounded-annually-for-5-years\/","title":{"rendered":"$15,000 at 15% compounded annually for 5 years"},"content":{"rendered":"<p class=\"western\" lang=\"en-US\"><strong>Question:<\/strong> $15,000 at 15% compounded annually for 5 years<\/p>\n<p class=\"western\" lang=\"en-US\">A. $28,500.000<\/p>\n<p class=\"western\" lang=\"en-US\">B. $30,170.36<\/p>\n<p class=\"western\" lang=\"en-US\">C. $17.250.00\u041e\u041e<\/p>\n<p class=\"western\" lang=\"en-US\">D. $26,250.45<\/p>\n<p><strong>Answer: B. $30,170.36<\/strong><\/p>\n<p>To calculate the future value of $15,000 invested at 15% interest rate compounded annually for 5 years, we use the compound interest formula: FV = P((1 + r\/n))^(nt), with FV the amount to be received in the future, P the initial principal amount, r the annual rate of interest, n the number of times the interest is compounded per year (in this case 1 per year so, n = 1), and t time, in years.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-35409 size-full\" src=\"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2024\/03\/ssaasasd.png\" alt=\"$15,000 at 15% compounded annually for 5 years A. $28,500.000 B. $30,170.36 C. $17.250.00\u041e\u041e D. $26,250.45 \" width=\"395\" height=\"85\" srcset=\"https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2024\/03\/ssaasasd.png 395w, https:\/\/www.greatassignmenthelp.com\/questions\/wp-content\/uploads\/2024\/03\/ssaasasd-300x65.png 300w\" sizes=\"(max-width: 395px) 100vw, 395px\" \/><\/p>\n<p>The $15,000 will become 30,170.36 when compounded annually 15% of an initial investment. This equation shows how the power of compounding can work on your behalf and over time, by having the interest earned for the past year added to the principal amount and the next year&#8217;s interest calculations will be based on a new, increased principal amount (Brainly.com, 2024).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question: $15,000 at 15% compounded annually for 5 years A. $28,500.000 B. $30,170.36 C. $17.250.00\u041e\u041e D. $26,250.45 Answer: B. $30,170.36 To calculate the future value [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$15,000 at 15% compounded annually for 5 years A. $28,500.000 B. $30,170.36 C. $17.250.00\u041e\u041e D. $26,250.45<\/title>\n<meta name=\"description\" content=\"$15,000 at 15% compounded annually for 5 years A. $28,500.000 B. $30,170.36 C. $17.250.00\u041e\u041e D. $26,250.45\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greatassignmenthelp.com\/questions\/15000-at-15-compounded-annually-for-5-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$15,000 at 15% compounded annually for 5 years A. $28,500.000 B. $30,170.36 C. $17.250.00\u041e\u041e D. $26,250.45\" \/>\n<meta property=\"og:description\" content=\"$15,000 at 15% compounded annually for 5 years A. $28,500.000 B. $30,170.36 C. $17.250.00\u041e\u041e D. $26,250.45\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.greatassignmenthelp.com\/questions\/15000-at-15-compounded-annually-for-5-years\/\" \/>\n<meta property=\"og:site_name\" content=\"Questions - 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