![\"\"](\"/userfiles/image/steps_images/step1.JPG\")
The compound investment A = $5,00,000, annual rate ![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=65a52b7fb31af421ccdb18d14a948468.png\")
, t = 15 years.
The annual rate ![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=e70d35e76c3aa5aa8414b2da9f15178e.png\")
.
The formula for n compounding per year: ![\"\"](\"http://www.mathskey.com/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=1cd97585dd11ebe74bfda465273f4b1c.png\")
.
n = one year = 12 months.
\![\"\"](\"http://www.mathskey.com/userfiles/image/steps_images/step2.JPG\")
Substitute A = $500000, t = 15 yrs, n = 12 and r = 0.035.
\![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=1c0943ddb50e43a65c6c271b00a8c359.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=6779481965ce9d7fd498b84395b51323.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=0c8caef5775f08cddc0642d1955dcbf7.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=9e9cb7c516caa40328296627c30f9b23.png\")
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=db913ec4c0180fe15b49ca2b17738830.png\")
\ \
![\"\"](\"/test/fckeditor/editor/plugins/fckeditor_wiris/integration/showimage.php?formula=ee1572026e2d09bdcdf3b3628888ae28.png\")
.
After 10 years, the investment is $295822.52. ![\"\"](\"http://www.mathskey.com/userfiles/image/steps_images/solution.JPG\")
After 10 years, the investment is $295822.52.