Question
Please place the correct numbers in XXX area, and #VALUE area Future Value A. Of a single amount Q 6 How much will $5,000 invested
Please place the correct numbers in XXX area, and #VALUE area
| Future Value | ||||||
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| A. Of a single amount | ||||||
| Q 6 | How much will $5,000 invested at 5% simple interest be worth | |||||
| In 3 years if it is compounded annually and quarterly? | ||||||
| (Hint: Remember that the interest rate for quarterly compounding is 1/4 the annual rate) | ||||||
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| Compound Annually | Compound Quarterly | ||||
| Present Value | xxx | xx | ||||
| Number of time periods | xxx | xx | ||||
| Interest rate per time period | xxx | xx | ||||
| Future Value | #VALUE! | #VALUE! | ||||
| Q 6 | How much will $5,000 invested at 7% simple interest be worth | |||||
| In 3 years if it is compounded annually and quarterly? | ||||||
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| Compound Annually | Compound Quarterly | ||||
| Present Value | xxx | xx | ||||
| Number of time periods | xxx | xx | ||||
| Interest rate per time period | xxx | xx | ||||
| Future Value | #VALUE! | #VALUE! | ||||
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