Question
What is the future value in 4 years of 1,000 invested in an account with a stated annual interest rate of 10 per cent, (Do
| What is the future value in 4 years of 1,000 invested in an account with a stated annual interest rate of 10 per cent, (Do not round intermediate calculations. Do not include the euro sign (). Round your answer to 2 decimal places (e.g., 32.16).) |
| Required: | ||
| (a) | What is the future value if compounded annually? | |
| Future value | ||
| (b) | What is the future value if compounded semi-annually? | |
| Future value | ||
| (c) | What is the future value if compounded monthly? | |
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Real Estate Finance
Authors: Walt Huber, Levin P. Messick
5th Edition
0916772438, 9780916772437
