Changing Conditions Assignment

Investigate the effects of changing the payment and compounding frequency of an ordinary annuity.

$16$

a$)$ Use the TVM Solver to complete the following chart.

b$)$ Summarize the effect of changing the payment frequency on the future value of an annuity when all other conditions remain the same.

$\backslash$table$[[\backslash$table$[[$Payment$],[$Amount$]],\backslash$table$[[$Payment$],[$Frequency$]],\backslash$table$[[$Compounding$],[$Frequency$]],\backslash$table$[[$Number of$],[$Payments$]],\backslash$table$[[$Interest$],[$Rate$],[($per$],[$annum$)]],\backslash$table$[[$Future$],[$Value$],[$of Annuity$]]],[$$$1200,$Annually,Annually,$10,9\%,],[$$$600,$Semi$-$Annually,Semi$-$Annually,$20,9\%,],[$$$300,$Quarterly,Quarterly,$40,9\%,],[$$$100,$Monthly,Monthly,$120,9\%,],[$$$23\mathrm{.}08,$Weekly,Weekly,$520,9\%,],[$$$3\mathrm{.}29,$Daily,Daily,$3650,9\%,]]$