# Accounting

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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?

• Accounting -

Do the numbers and draw your own conclusions.

• Accounting -

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

• Accounting -

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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