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Finances and Math

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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 -

    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 -

    Thank you Reiny

  • Finances and Math -

    How did you get 1.015?

  • Finances and Math -

    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 -


  • Finances and Math -

    how much would 1000 in an account paying 14 percent interest compounded semi annually accumulate to in 10 years

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