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

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 year

Answer rating: 100% (QA)

A Since the investment is compounded sem iann ually we can use the following formula F V PV 1 r n nt Where F V Future Value P V Present Value the init... View the full answer