Homework Help: Finances and Math

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

Can someone please help me solve these problems or help me find an easy formula?..No matter how many times I read or try calculating I can't get it please help me..I would really appreciate it thank you..

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 5:11pm
I 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 5:13pm
Thank you Reiny
Finances and Math - Anna, Thursday, February 18, 2010 at 5:17pm
How did you get 1.015?
Finances and Math - carolness, Monday, October 25, 2010 at 10:41am
A 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 9:22am
101500
Finances and Math - Fred, Wednesday, April 10, 2013 at 9:39am
101500

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