Microeconomics: Calculate the time value of money with the same values except one will get compounded month and the other will be compounded quarterly. Present Value is $100,000. Interest rate is 8.65%. The time of the investment is 6 years. What is the future value compounded quarterly? What is the future value compounded monthly? What is the difference between the two numbers? Why do we see a change in the value even when the APRs are the same