Find the future value of an investment of $2,500 made today for the following rates and periods:

Question:

a. 6.25 percent compounded semiannually for 12 years.

b. 7.63 percent compounded quarterly for 6 years.

c. 8.9 percent compounded monthly for 10 years.

d. 10 percent compounded daily for 3 years.

e. 8 percent compounded continuously for 2 years.

Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...