Now it's time for you to practice what you've learned.

Consider a dollar amount of $$500$ today, along with a nominal interest rate of $3\mathrm{.}00\%.$ You are

interested in calculating the future value of this amount after $4$ years.

For all future value calculations, enter $-$$$500($with the negative sign$)$ for PV and $0$ for PMT$.$

The future value of $$500,$ compounded annually for $4$ at the given nominal interest rate, is

approximately

Using your financial calculator, the future value of $$500,$ compounded semi$-$annually for $4$ at

the given nominal interest rate, is approximately

Using your financial calculator, the future value of $$500,$ compounded quarterly for $4$ at the

given nominal interest rate, is approximately

Using your financial calculator, the future value of $$500,$ compounded monthly for $4$ at the

given nominal interest rate, is approximately

Hint: Assume that there are $365$ days in a year.

Using your financial calculator, the future value of $$500,$ compounded daily for $4$ at the given

nominal interest rate, is approximately