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Find the future value for each of the following scenarios, where m is the periodic deposit and r is the interest rate. compounding time future
Find the future value for each of the following scenarios, where m is the periodic deposit and r is the interest rate.
compounding | time | future | interest | ||
---|---|---|---|---|---|
m | r | frequency | in years | value | earned |
$250 | 7.7% | annually | 6 | $ | $ |
$350 | 6% | semiannually | 14 | $ | $ |
$400 | 7.1% | quarterly | 11 | $ | $ |
$450 | 5.6% | monthly | 9 | $ | $ |
$300 | 2.8% | weekly | 14 | $ | $ |
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