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Homework answers / question archive / How much would you receive at the end of 3 years if you invest $10,000 today, assuming you can earn a return of 10% p

How much would you receive at the end of 3 years if you invest $10,000 today, assuming you can earn a return of 10% p

Finance

How much would you receive at the end of 3 years if you invest $10,000 today, assuming you can earn a return of 10% p.a. compounding quarterly?

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Future value will be calculated as follows-

= Principal (1+(interest / number of payment during the year)^total number of payment

= 10000(1+(.10/4)^12

= 10000(1.025)^12

= $ 13448.488.

Hence, the total amount which will be received is $ 13,448.49.

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