Computing Value in Savings Computing Future Value Example : If you open a savings account paying 0,5% compounded at the end of each year, with 5000 Euro, how much will you have after 20 years? – Number of payments : 20 – Interest rate : 0,50 – Beginning balance : 5000 Euro – Future value : 5524,48 Euro The savings account will be worth 5524,48 Euro after 20 years. See also how much the savings account will be worth for different beginning balance. #calculations #computing #future_value #present_value #mindstormGR #softexperia
