Question: MODEL 1: EFFECT OF COMPOUNDING FREQUENCY The Problem You have an opportunity to invest $100 000 for 10 years at a nominal interest rate (annual

 MODEL 1: EFFECT OF COMPOUNDING FREQUENCY The Problem You have an

MODEL 1: EFFECT OF COMPOUNDING FREQUENCY The Problem You have an opportunity to invest $100 000 for 10 years at a nominal interest rate (annual percentage rate or APR) of 8%. Create a model to calculate the effective annual interest rate you will earn and the amount of your investment will grow to (future value) for various numbers of compounding periods per year. Set up a one-input data table to show the effective interest rates and the future values of the investments for daily, weekly, biweekly, monthly, quarterly, semiannual, and annual compounding

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