Question: Problem 4-21 Future Value a. What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent,

Problem 4-21 Future Value

a.

What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent, compounded annually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.

What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent, compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

c.

What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent, compounded monthly? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

d.

What is the future value in seven years of $1,500 invested in an account with an APR of 8 percent, compounded continuously? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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