SOLUTION: Calculate the future value in five years of $5,000 received today if your investments pay a. 6 percent compounded annually b. 8 percent compounded annually c. 10 percent comp

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Calculate the future value in five years of $5,000 received today if your investments pay a. 6 percent compounded annually b. 8 percent compounded annually c. 10 percent comp      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 1170649: Calculate the future value in five years of $5,000 received today if your investments pay
a. 6 percent compounded annually
b. 8 percent compounded annually
c. 10 percent compounded annually
d. 10 percent compounded semiannually
e. 10 percent compounded quarterly
What do your answers to these questions tell you about the relation between future values and interest rates and between
future values and the number of compounding periods per year?

Answer by Solver92311(821) About Me  (Show Source):
You can put this solution on YOUR website!


The future value, , of a single investment, , for years, at percent compounded times per year is given by:



You can do your own arithmetic.

John

My calculator said it, I believe it, that settles it

From
I > Ø