Question
Decimals are extremely important in this question. Do not rounduntil your final answer and provide 4 decimals in your finalanswer. What is the future value
Decimals are extremely important in this question. Do not rounduntil your final answer and provide 4 decimals in your finalanswer. What is the future value of $1,000 one year from now if itis compounded at:
a) a 12% annual rate compounded annually?
b) 12% annual rate compounded quarterly?
c) 12% annual rate compounded monthly?
d) 12% annual rate compounded daily (assume a 365 day year)?
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
