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Rosie will invest $1,500,000 in an account. What is the future value of her investment in 18 years if the bank offers an annual

Rosie will invest $1,500,000 in an account. What is the future value of her investment in 18 years if the bank offers an annual percentage rate of 6.8%: a. Compounded annually. b. Compounded quarterly. c. Compounded monthly. d. Compounded continuously. Why does the future value increase as the compounding periods shortens?

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a Compounded annually Future value 1500000 x 1 006818 401514385 b Compounded quarterly T... blur-text-image

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