If the annual percentage yield is 5%, what will $10,000 be worth 4 years form now?

geduiwelh

geduiwelh

Answered question

2020-12-07

If the annual percentage yield is 5%, what will $10,000 be worth 4 years form now?

Answer & Explanation

Maciej Morrow

Maciej Morrow

Skilled2020-12-08Added 98 answers

5%=0.05
Let the new worth be C
C=4×0.05×$10,000+$10,000
=$12,000

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