# 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.

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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