MA $101$ Business Math P a g e $|4$

$$ Herzing College $2019$

$18.$ Calculate the Future value:

Nominal Compounding

PV $($$$)$ Term Rate $(\%)$ frequency

$42005(1)/(2)$ years $4\mathrm{.}5$ Quarterly

Answer

$19.$Calculate the Present value:

Future Nominal Compounding

Value $($$$)$ Term rate $(\%)$ frequency

$5561\mathrm{.}282\mathrm{.}5$ years $8\mathrm{.}5$ Monthly

Answer

$20.$If interest is $3\mathrm{.}75\%$ and it is compounded monthly. If you

want to have $$4000$ in an account in three years, how much

should you deposit to that account today?