Question: please help ive been trying to get this for a long time. Consider a dollar amount of $500 today, along with a nominal interest rate


Consider a dollar amount of $500 today, along with a nominal interest rate of 12.00%. You are interested in calculating the future value of this amount after 9 years. For all future value calculations, enter $500 (with the negative sign) for PV and O for PMT. When calculating the future value of $500, compounded annually for 9 years, you would enter a value of for N, a value of for 1/Y Using the keystrokes you just identified on your financial calculator, the future value of $500, compounded annually for 9 at the given nominal interest rate, yields a future value of approximately When calculating the future value of $500, compounded semi-annually (twice per year) for 9 years, you would enter a value of value of for 1/Y. Using the keystrokes you just identified on your financial calculator, the future value of $500, compounded semi-annually for 9 at the given nominal interest rate, ylelds a future value of When colculating the future value of $500, compounded quarterly for 9 years, you would enter a value of for N, a value of for 1/Y. Using the keystrokes you just identified on your financial calculator, the future value of 5500 , compounded quarterly for 9 at the given nominal interest rate, ylelds a future value of When calculating the future value of $500, compounded monthly for 9 years, you would enter a value of for N, a value of for 1/Y. Using the keystrokes you just identified on your financial calculator, the future value of $500, compounded monthly for 9 at the given nominal interest rate, yields a future value of Hint: Assume that there are 365 days in a year. When colculating the future value of $500, compounded daily for 9 years, you would enter a value of for N, a value of for I/Y. Using the keystrokes you just identified on your financial calculator, the future value of $500, compounded daily for 9 at the given nominal interest. rate, yields a future value of Based on the results of your calculations, you can conclude that (all else equal) more frequent compounding leads to a future value. This is due to a periodic interest for more frequent compounding. Consider a dollar amount of $500 today, along with a nominal interest rate of 15.00%. 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 O 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
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