Calculate the future value in each of the following situations. The interest rates are stated in annual

Question:

Calculate the future value in each of the following situations. The interest rates are stated in annual amounts.

a. Invest $100,000 at 4 percent for six years.

b. Invest $100,000 at 4 percent for six years, compounded semi-annually.

c. Invest $100,000 at 4 percent for six years, compounded quarterly.

d. Invest $100,000 at 4 percent for six years, compounded monthly.

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...