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Part 1) - find the FV (in $ dollars) of $100 @ 11% in one year when compounded (a) annually, (b) semi-annually, (c) quarterly,
Part 1) - find the FV (in $ dollars) of $100 @ 11% in one year when compounded (a) annually, (b) semi-annually, (c) quarterly, (d) monthly, (e) daily and (f) continually. (i.e. if you put $100 in the bank today, how much would you have one year from now?). Part 2) - find today's PV (in $ dollars) of $111 in one year @ 11% when compounded (a) annually, (b) semi-annually, (c) quarterly, (d) monthly, (e) daily and (f) continually. (i.e. if you needed $111 one year from now, how much would you need to put in the bank today?)
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