# Finances and Math

posted by .

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 -

101500

• 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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