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Now it's time for you to practice what you've learned. Consider a dollar amount of $1,000 today, along with a nominal interest rate of 6.00%.

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Now it's time for you to practice what you've learned. Consider a dollar amount of $1,000 today, along with a nominal interest rate of 6.00%. You are interested in calculating the future value of this amount after 4 years. For all future value calculations, enter $1,000 (with the negative sign) for PV and 0 for PMT. The future value of $1,000, compounded annually for 4 at the given nominal interest rate, is approximately Using your finandal calculator, the future value of $1,000, compounded semi-annually for 4 at the given nominal interest rate, is approximately Using your financial calculator, the future value of $1,000, compounded quarterly for 4 at the given nominal interest rate, is approximately Using your financial calculatoc, the future value of $1,000, compounded monthly for 4 at the given nominal interest rate, is approximately Hint: Assume that there are 365 days in a year. Using your financial calculator, the future value of $1,000, compounded dally for 4 at the given nominat interest rate, is appraximately

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