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.
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