Question
question: how to solve the below questions step by step by details? Future Value Exercise 1.At the end of three years, how much is an
question: how to solve the below questions step by step by details?
Future Value Exercise
1.At the end of three years, how much is an initial deposit of $100 worth, assuming a compound annual interest rate of (i) 90% (ii) 50% (iii) 5%
2.At the end of six years, how much is an initial $500 deposit followed by five year-end, annual $100 payments worth, assuming a compound annual interest rate of (i) 10% (ii) 5% (iii) 0%
3.At the end of three years, how much is an initial $100 deposit worth, assuming a quarterly compounded annual interest rate of (i) 100% (ii) 10%
4.At the end of 10 years, how much is a $100 initial deposit worth, assuming an annual interest rate of 10% compounded (i) annually (ii) semiannually (iii) quarterly (iv) monthly
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