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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. Future compounding time
Find the future value for each of the following scenarios, where m is the periodic deposit and r is the interest rate.
Future | compounding | time | periodic | interest | |
---|---|---|---|---|---|
Value | r | frequency | in years | deposit (m) | earned |
$250,000 | 6.2% | annually | 12 | $ | $ |
$100,000 | 7.1% | semiannually | 11 | $ | $ |
$125,000 | 5.9% | quarterly | 7 | $ | $ |
$50,000 | 2.9% | monthly | 7 | $ | $ |
$150,000 | 6.6% | weekly | 14 | $ | $ |
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