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Calculate the future value of a $1 investment paying interest of 12.2% compounded annually. Work out the value of the investment after 1, 5, and
Calculate the future value of a $1 investment paying interest of 12.2% compounded annually. Work out the value of the investment after 1, 5, and 20 years.Calculate the future value of a $1 investment paying interest of 11.9% compounded semiannually. Work out the value of the investment after 1, 5, and 20 years.Calculate the future value of a $1 investment paying 11.7% compounded continuously. Work out the value of the investment after 1, 5, and 20 years.Which investment would you prefer?
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