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You deposit $600 in an account earning 6% compound interest for 4 years. Find the future value and the interest earned for each of the
You deposit $600 in an account earning 6% compound interest for 4 years. Find the future value and the interest earned for each of the following compounding frequencies. Round all answers to two decimal places if necessary. (1 year = 365 days, including leap years)
Frequency | P/Y | C/Y | N | I/Y |
---|---|---|---|---|
Annually: | % | |||
Semiannually: | % | |||
Quarterly: | % | |||
Monthly: | % | |||
Daily: | % |
Frequency | PV | PMT | FV | Interest Earned |
---|---|---|---|---|
Annually: | $ | $ | $ | $ |
Semiannually: | $ | $ | $ | $ |
Quarterly: | $ | $ | $ | $ |
Monthly: | $ | $ | $ | $ |
Daily: | $ | $ | $ | $ |
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