Question: 1.You plan to put $1,000 in a saving plan per MONTH (end of month) for 5 years. Compute the future value (FV) of the plan

1.You plan to put $1,000 in a saving plan per MONTH (end of month) for 5 years. Compute the future value (FV) of the plan with each of the following conditions? 1) Receive 10% stated annual interest rate, interest is compounded annually. 2) Receive 10% stated annual interest rate, interest is compounded monthly. 3) Receive 10% stated annual interest rate, interest is compounded continuously. Answer: 1) FV = #N/A (10 points) 2) FV = #N/ A (10 points) 6 (3) FV = #N/A (10 points)

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