Wednesday

October 1, 2014

October 1, 2014

Posted by **student** on Tuesday, June 19, 2007 at 11:46pm.

Investments Suppose $10,000 is invested at an annual rate of 5% for 10 years. Find the future value if interest is compounded as follows.

A) Annually

B) Quarterly

C) Monthly

D)Daily (365 days)

A) 10000*(1+.05)^10

B) 10000*(1+.05/4)^40

C) 10000*(1+.05/12)^120

D) 10000*(1+.05/365)^3650

D alt) 10000*e^(.05*10)

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