Computing Value in Savings – Future Value

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.

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