Question
Please show your effort, do not only give a number. Upload doc, PDF or any other format files that you prefer through BB link. Effects
Please show your effort, do not only give a number. Upload doc, PDF or any other format files that you prefer through BB link.
- Effects of different compounding periods on future values of $1,000 invested at an 15% nominal interest rate.
| Initial Amount | Compounding periods | Effective annual rate | FV at end of 1 year |
| $1,000 | Annually |
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| $1,000 | Semiannually |
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| $1,000 | Quarterly |
|
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| $1,000 | Monthly |
|
|
| $1,000 | Daily (365 days) |
|
|
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Personal Finance
Authors: Elizabeth B. Goldsmith
1st Edition
0534544959, 9780534544959
