Consider a dollar amount of $1000 today, along with a nominal interest rate of 15%. You are interested in calculating the future value of this amount after nine years.

Consider a dollar amount of $1,000 today, along with a nominal interest rate of 15.00%. You are interested in calculating the future value of this amount after 9 years For all hatere valse cacutadores, enter -$1.000 (with the negative sign) for PV and O for PNT When calculating the future value of $1,000, compounded annually for years, you would enter a value of no N. a value of fort/ Using the keystrokes you just erined on your Tinancial calculator, the future value of $1,000, compounded any form the given nominal interest Yields ature value of approximately for No a value When cotating the future value of $1,000, compounded ser-anualy (twice per year for years you would enter a value of fort of Using the keystrokes you just derhed on your finance calculate the neure value of $1,000, compounded seady for at the given rominal interest rate, yields a future value of for a value of When calculating the future value of 1,000, compounded quarterly for years, you would enter a value of for Using the keystrokes you just identified on your calculator, the mure value of 31.000, compounded quarterly for at the given nomina interest rate, yels arture value of When calculating the nature value of $1,000, compounded only for years, you woulder av offor , Vol UX Using the keystrokes you jak identified on your calculator, the future value of 1,000, compounded monthly for 9 at the given norrunal wterest rate, yolds a future value of Hint: Assume that there are 365 days in a year When calculating the future value of 51.000, compounded daily for 9 years, you would enter a value of for N, a value of Using the keystrokes you just identified on your financial calculator the future value of 51.000, compounded daily for 9 & the given romina intoret rate, yields a future value of Tuture. This Based on the results of your calculations, you can condude that all equal more frequent compounding leads to a periodic interest for more frequent compounding