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November 20, 2014

November 20, 2014

Posted by **Anna** on Thursday, February 18, 2010 at 4:11pm.

Calculate the future value of the following:

$5,000 compounded annually at 6% for 5 years

$5,000 compounded semiannually at 6% for 5 years

$5,000 compounded quarterly at 6% for 5 years

$5,000 compounded annually at 6% for 6 years

- Finances and Math -
**Reiny**, Thursday, February 18, 2010 at 5:11pmI will do this one:

"$5,000 compounded quarterly at 6% for 5 years"

Amount = 5000(1.015)^20

= ....

notice the value of i is .06/4 (compounded quarterly)

and n = 5*4 = 20, the number of quarter years.

Do the others the same way

- Finances and Math -
**Anna**, Thursday, February 18, 2010 at 5:13pmThank you Reiny

- Finances and Math -
**Anna**, Thursday, February 18, 2010 at 5:17pmHow did you get 1.015?

- Finances and Math -
**carolness**, Monday, October 25, 2010 at 10:41amA small computer software company invests $5000 at 10% compounded semiannually for 2 years. What will the compound amount be at the end of this period?

- Finances and Math -
**Fred**, Wednesday, April 10, 2013 at 9:22am101500

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