1 Compute the future value after 1 year for $100 invested at 4 interest compounded quarterly What simple interest rate will yield the same amount in 1 year 2 Compute the future value after 1 year for $100 invested at 2 7 interest compounded monthly What simple interest rate will yield the same amou...

1. Compute the future value after 1 year for $100 invested at 4% interest compounded quarterly. What...

Question:

1. Compute the after 1 year for $100 invested at 4% interest compounded quarterly. What simple interest rate will yield the same amount in 1 year?
2. Compute the after 1 year for $100 invested at 2.7% interest compounded monthly. What simple interest rate will yield the same amount in 1 year?
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...