Question: INPUT DATA Definition 5.00% nominal interest rate $5,000.00 Present value 1.00 Total Number of years 1 # of compounding periods per year O payment O

payment O Future Value Oeffective interest rate Excel function name nominal PV

INPUT DATA Definition 5.00% nominal interest rate $5,000.00 Present value 1.00 Total Number of years 1 # of compounding periods per year O payment O Future Value Oeffective interest rate Excel function name nominal PV nper npery PMT FV effect ant (The first question is done for you). 2. What is the future value of the CD in 5 years and what is the effective annual rate under each of the following scenarios? Future Value EFE a. annual compounding? b. semi-annual compounding? c.quarterly compounding? d. monthly compounding? c. daily compounding? 7.You take out a branday and will make equallyments for the next years, starting in your Amount borrowed 50.000 6.005 What is the value of the payment of the sale on the Payment Show with one who Year De Balance Payment Interest Ending Balance Principal TOTAL

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