Question
For each of the following cases, find the future value at the end of the deposit period at the given nominal interest rate. Number of
For each of the following cases, find the future value at the end of the deposit period at the given nominal interest rate.
Number of Compounding Periods in the Year (m): 1, 2, 12
Initial Deposit ($): 400, 500, 100
Nominal Interest Rate (%): 20, 10, 5
Deposit Periods (Yrs): 10, 21, 2
Future Value ($): ___, ___, ___
For the following mixed stream of cash flows, determine the future value at the end of the final year if deposits are made at the beginning of each year into an account paying annual interst of 10%, assuming no withdrawals are made during the period.
Year: 1, 2, 3
Cash Flow Stream: 10,000, 9,000, 7,700
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