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

- Accounting -
**drwls**, Thursday, December 4, 2008 at 7:22am
The first answer is 5000*(1.06)^5

The second answer is 5000(1.03)^10

The third answer is 5000*(1.015)^20

The fourth answer is 5000*(1.06)^6

Do the numbers and draw your own conclusions.

- Accounting -
**Virginia**, Friday, March 26, 2010 at 11:16pm
$5,000 compounded semiannually at 6% for 5 years

- Accounting -
**Anonymous**, Sunday, December 8, 2013 at 7:19pm
Compute the amount that a $15,000 investment today would accumulate at 9% (compound interest) by the en of 6 years.

## Answer This Question

## Related Questions

- Accounting - How do I calculate the future value of the following? $5,000 ...
- Finances and Math - Can someone please help me solve these problems or help me ...
- finances - Calculate the future value of the following: o $5,000 compounded ...
- Fianacial Management in Health Care Organizations - Resource: Ch. 5 of Financial...
- math - Jim wants to deposit money in an account to save for a new stereo system ...
- college math - Calculate the future value of an ordinary annuity consisting of ...
- math - Twenty years ago Gabe invested $2,000. For the first ten years he earned ...
- algebra - Find the accumulated value of an investment of $10,000 for 3 years at ...
- math help plz! - Calculate teh future value of quarterly payments of $1200 for 5...
- math,correction - can someone correct these for me thanks.. Problem #4 Find the ...

More Related Questions