Page 45 - LEARNER GUIDE FNSACC313

Perform Financial Calculations

2 $ 28,050.00 $ 2,805.00 $ 30,855.00
3 $ 30,855.00 $ 3,085.50 $ 33,940.50
Return
$555000 invested at 4% compound interest over 10 years.

Year Interest Principal and
Interest at EOY
Principal

1 $ 22,200.00 $577,200.00
$555,000.00
2 $ 23,088.00 $600,288.00
$577,200.00
3 $ 24,011.52 $624,299.52
$600,288.00
4 $ 24,971.98 $649,271.50
$624,299.52
5 $ 25,970.86 $675,242.36
$649,271.50
6 $ 27,009.69 $702,252.06
$675,242.36
7 $ 28,090.08 $730,342.14
$702,252.06
8 $ 29,213.69 $759,555.82
$730,342.14
9 $ 30,382.23 $789,938.06
$759,555.82
10 $ 31,597.52 $821,535.58
$789,938.06
Return
$115000 invested at 8% simple interest over 5 years.

Year Interest Principal and
Principal Interest at EOY

1 $ 2,300.00 $117,300.00
$115,000.00
2 $ 2,300.00 $119,600.00
$115,000.00
3 $ 2,300.00 $121,900.00
$115,000.00
4 $ 2,300.00 $124,200.00
$115,000.00
5 $ 2,300.00 $126,500.00
$115,000.00

Return

Anne Bowden ©2020