a. What is the future value in five years of $1,000 invested in an account with a stated annual interest rate of 10 percent, compounded
| a. | What is the future value in five years of $1,000 invested in an account with a stated annual interest rate of 10 percent, compounded annually? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| b. | What is the future value in five years of $1,000 invested in an account with a stated annual interest rate of 10 percent, compounded semiannually? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| c. | What is the future value in five years of $1,000 invested in an account with a stated annual interest rate of 10 percent, compounded monthly? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
| d. | What is the future value in five years of $1,000 invested in an account with a stated annual interest rate of 10 percent, compounded continuously? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
| Future value | $ |
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Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
