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Calculate the future value of each of the following investments. Round the answers to the nearest cent Present Value Nominal Interest Rate Compounding Frequency Number
Calculate the future value of each of the following investments.
Round the answers to the nearest cent
| Present Value | Nominal Interest Rate | Compounding Frequency | Number of Compounding Periods | Future Value | |
|---|---|---|---|---|---|
| 1. | $25,800 | 3.75% | Annually | 12 |
|
| 2. | $34,100 | 2.50% | Semi-annually | 24 |
|
| 3. | $13,000 | 6.75% | Quarterly | 36 |
|
| 4. | $39,500 | 2.75% | Monthly | 48 |
|
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Methods And Finance
Authors: Emiliano Ippoliti, Ping Chen
1st Edition
3319498711, 978-3319498713
