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4. Assignment: Determine the future value of a deposit of $1500, that is left in a bank for 5 years at 3.5% compounded semi-annually

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4. Assignment: Determine the future value of a deposit of $1500, that is left in a bank for 5 years at 3.5% compounded semi-annually End of Principle Rate time Future Value year 5 i n FV or S 5. What is the difference between the future value with 3.5% compound annually and semi-annual at the end of 5 years? 6. Assignment: Determine the future value of a deposit of $1500, that is left in a bank for 5 years at 3.5% compounded monthly (Must use function key in FORMULAS tab then Financial group then fv. ADD negative sign) End of Principle Rate time Future Value year 5 P n FV or S 7. What is the difference between the future value with 3.5% compound interest annually and 3.5% compound interest monthly?

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