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April 19, 2014

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

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