Find the future value of an investment of $3,100 made today for the following rates and periods:

a. 6.25 percent compounded semiannually for 12 years.

Future value

b. 7.63 percent compounded quarterly for 6 years.

Future value

c. 8.9 percent compounded monthly for 10 years.

Future value

d. 10 percent compounded daily for 3 years.

Future Value

e. 8 percent compounded continuously for 2 years.

Future Value