Problem #4: You are to start with $10,000, and earn interest at a rate of 13% per annum. You are to calculate the value that you have at the end of 5 years if that interest rate was to be compounded annually, semi-annually, quarterly, monthly, weekly, or daily (for 365 days every year). Put your result into a spreadsheet that appears as shown: A B D E F 1 2 Initial Value 3 4 5 Interest Rate 6 7 8 m Value in 5 years Continuous value Difference 9 1 10 11 Annual Semiannual Quarterly Monthly Weekly Daily 12 13 14 15 16 For the Continuous value, this will be the value at the end of 5 years if 13% were continuously compounded. It is the same value for each row. For each row, compute the Difference" as being the "Continuous value minus the Value in 5 years". What is the sum of the 6 differences? Problem #4: 1396.66 Answer correct to 2 decimals Just Save Submit Problem #4 for Grading Attempt #2 Attempt #3 Attempt #4 Attempt #5 Problem #4 Your Answer: Your Mark: Attempt #1 1396.66 0/1x