(1) A principal, $30, is invested at 6% interest for 2 years. Determine the future value if the interest is compounded (a) annually (b) semi-annually (c) quarterly (d) monthly (e) weekly (f) daily (2) Use the formula S = Pert/100 to determine the future value of $30 invested at 6% interest compounded continuously for 2 years. Confirm that it is in agreement with the results of part (1). That is, the more frequent the compoundment, the larger the future value. Thus highest amount of future value comes from when continuous compoundment applies.