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Consider an account with an APR of 6% and an initial investment of $1000. (1 point each for the final answer; 2 points for showing
Consider an account with an APR of 6% and an initial investment of $1000. (1 point each for the final answer; 2 points for showing your work; 9 points total) a) Find the future value of the investment after 10 years with annual compounding. b) Find the future value of the investment after 10 years with monthly compounding. c) Find the future value of the investment after 10 years with continuous compounding.
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