Company A deposit $10,000 now in the bank. Company A will keep deposits $1500 at the end of each payment period. The interest rate and the payment period information are given in the following table.

How much will the company have after 5 years in the bank account? Assume each year contains 52 weeks/365 days, each quarter contains 13 weeks/90 days, each month contains 4 weeks/30 days.

PLEASE USE EXCEL TO EXPLAIN

$1500 will be paid... (PP)

Rate is 12 % per year with the compounding period below (CP)

Future Value At the end of year 5

5	Yearly	Daily (365 days/year)
6	Yearly	Continuously
	Yearly	Quarterly
7	Simi Annually	Yearly
8	Simi Annually	Simi Annually
	Simi Annually	Quarterly
9	Simi Annually	Monthly
10	Simi Annually	Weekly
11	Simi Annually	Daily
12	Simi Annually	Continuously
13	Quarterly	Yearly