In your spreadsheet, use the Future Value function (FV) to calculate the amount of interest that you would earn over 5 years on any original amount=> (equal to or greater than) $10,000, any nominal interest rate, 

a) compounded monthly, then 

b)compounded quarterly.

Explain Future Value in your (own words), describe the difference between the two calculated values, and explain why there is a difference.

C) In your spreadsheet, calculate the EFFECTIVE interest rate for a credit card on which the Nominal annual rate is 7.895% compounded monthly.

Include this calculation on the spreadsheet you submit in the final question.