Math
posted by April .
How should the future value equation be modified if compounding occurs more frequently than annually?

divide the interest rate by the number of compounding periods/year
multiply the timespan by the number of periods/year.
Respond to this Question
Similar Questions

Math
Bond Yields. An AT&T bond has 10 years until maturity, a coupon rate of 8 percent, and sells for $1,100. a. What is the current yield on the bond? 
Accounting
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 … 
Chemistry
The element X has an atomic mass of 12.80 amu. It is known to have two isotopes 12X and 13X. Which of the following is true about the relative abundancies of 12X and 13X? 
chem
The element X has an atomic mass of 12.80 amu. It is known to have two isotopes 12X and 13X. Which of the following is true about the relative abundancies of 12X and 13X? 
chemistry
The element X has an atomic mass of 12.80 amu. It is known to have two isotopes 12X and 13X. Which of the following is true about the relative abundancies of 12X and 13X? 
Math
Use the present value formula to compute the amount that should be set aside today to ensure a future value of $ 2,000 in 1 year if the interest rate is 12% annually, compounded annually. (a) $ 1,776.97 (b) $ 1,765.89 (c) $ 1,785.72 … 
math
Find the future value of an annuity if you invest $1,550 annually for 5 years at 11.5% compounded annually. 
college math
Calculate the future value of an ordinary annuity consisting of annual payments of $1,000 for 4 years if the payments earn 10.70% compounded annually for the first 2 years and 9% compounded annually for the last 2 years. For full marks … 
Math
Value of $100.00 earning 8% compounding interest rate annually at the end of 10 years. 
finance
Find the future value of an annuity when payment is $4000.00 annually, interest is 0.5% compounded annually and he term is 5 years.