years t, or m= nt. Also recall that for an investment, the greater the com- pounding frequency the better. EXERCISE SET 1: Use the future value model, A(t) = FV above to fill in the table below to find the future value of P $10,000 invested at 6% interest compounded annually, quarterly, monthly, and daily for one year and ten years. Compounding Peri- Balance After 1 Balance After 10 ods per year, n Year Years Yearly (n = 1) Quarterly (n = 4) Monthly (n = 12) Daily (n = 365)