Question
You deposit $6600 in an account earning 6% compound interest for 2 years. Find the future value and the interest earned for each of the
You deposit $6600 in an account earning 6% compound interest for 2 years. Find the future value and the interest earned for each of the following compounding frequencies. Round all answers to two decimal places where applicable. Enter positive values for the Interest Earned. (Consider 365 days for each year including leap years)
| Frequency | (P/Y=C/Y) | N | Future Value | Interest Earned |
|---|---|---|---|---|
| Annually: | $ | $ | ||
| Semiannually: | $ | $ | ||
| Quarterly: | $ | $ | ||
| Monthly: | $ | $ | ||
| Daily: | $ | $ |
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Crisis Risk And Stability In Financial Markets
Authors: Juan Fernández De Guevara Radoselovics , José Pastor Monsálvez
1st Edition
1137001828, 978-1137001825
