Future Value of a Lump Sum

:

If you invest $

$4$

$,$

$2$

$00$ today at this

$9\mathrm{.}6$

$\%$ nominal

annual

interest

rate, what would your investment be worth under the various co

mpounding periods in year

$5$

$?$

Show the return components for the future value in

$5$

years.

Use the

effective

annual

rates

in your calculations

for future value