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Consider a dollar amount of $ 7 5 0 today, along with a nominal interest rate of 1 5 . 0 0 % . You

Consider a dollar amount of $750 today, along with a nominal interest rate of 15.00%. You are interested in calculating the future value of this amount after 7 years.
For all future value calculations, enter $750(with the negative sign) for PV and 0 for PMT.
When calculating the future value of $750, compounded annually for 7 years, you would enter a value of ..... for N, a value of ..... for I/Y.
Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded annually for 7 at the given nominal interest rate, yields a future value of approximately .......
When calculating the future value of $750, compounded semi-annually (twice per year) for 7 years, you would enter a value of ..... for N, a value of ..... for I/Y.
Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded semi-annually for 7 at the given nominal interest rate, yields a future value of .......
When calculating the future value of $750, compounded quarterly for 7 years, you would enter a value of ..... for N, a value of ...... for I/Y.
Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded quarterly for 7 at the given nominal interest rate, yields a future value of ........
When calculating the future value of $750, compounded monthly for 7 years, you would enter a value of ...... for N, a value of ...... for I/Y.
Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded monthly for 7 at the given nominal interest rate, yields a future value of ........
Hint: Assume that there are 365 days in a year.
When calculating the future value of $750, compounded daily for 7 years, you would enter a value of ..... for N, a value of ..... for I/Y.
Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded daily for 7 at the given nominal interest rate, yields a future value of .......
Based on the results of your calculations, you can conclude that (all else equal) more frequent compounding leads to a ..... future value. This is due to a ..... periodic interest for more frequent compounding.

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