INPUT DATA 3. Assume you want to invest $1000 into your savings account at the END of every year for the next 5 years. Future Value 2. What is the future value in year 5, if interest is compounded annually? b. What is the future value in years if interest is compounded semiannually? Hint You MUST use EFF for your interest rate Definition 5.00% nominal interest rate $5,000.00 Present value 1.00 Total Number of years 1 M of compounding periods per year payment Future Value effective interest rate 4. Rework question 3, assuming payments are made at the BEGINNING of each period. Future Value 2. What is the future value in year 5, if interest is compounded annually? b. What is the future value in year of interest is compounded semiannually? Hint You MUST use EFF for your interest rate