Question

Calculate the future value in each of the following situations. The interest rates are stated in annual amounts.
a. Invest $100,000 at 4 percent for six years.
b. Invest $100,000 at 4 percent for six years, compounded semi-annually.
c. Invest $100,000 at 4 percent for six years, compounded quarterly.
d. Invest $100,000 at 4 percent for six years, compounded monthly.



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  • CreatedFebruary 26, 2015
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