Find the future value of a five year $100,000 investment that pays 8.75 percent and that has

Question:

Find the future value of a five year $100,000 investment that pays 8.75 percent and that has the following compounding periods:
a. Quarterly.
b. Monthly.
c. Daily.
d. Continuous.

Compounding
Compounding is the process in which an asset's earnings, from either capital gains or interest, are reinvested to generate additional earnings over time. This growth, calculated using exponential functions, occurs because the investment will... 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...

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