Thursday
December 18, 2014

Homework Help: Accounting

Posted by Kim on Wednesday, December 3, 2008 at 10:28pm.

Calculate the future value of the following:
o $5,000 compounded annually at 6% for 5 years
o $5,000 compounded semiannually at 6% for 5 years
o $5,000 compounded quarterly at 6% for 5 years
o $5,000 compounded annually at 6% for 6 years
Answer the following: What conclusions can be drawn about the frequency of compounding interest? What conclusions can be drawn about the length of time an amount is compounding?


Please help, as I'm at a loss here.
Thanks for your help

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