If i had 100000 to invest for 12 mths at 8.7% p.a. compounded monthly how much would it be worth after 12 mths

Question

If i had 100000 to invest for 12 mths at 8.7% p.a. compounded monthly how much would it be worth after 12 mths

Answer 1

100,000(1 + 0.087/12) ^12 = 109055.43

Answer 2

Better open a high yield account in a bank in Eastern Europe. You will get a 12% APY with NO RISK. All deposits are insured by the government.

12% annual return is guaranteed

I have opened such a high yield account 5 years ago. Email me for more info when you will have at least $1,000 to invest..

Good luck!

Answer 3

282,987.83

principal (1+rate/# of times in years) to the power of number of times per year compounded multiplied by amount of years