Question: Semi Quarterly INPUT DATA Monthly INPUT DATA Daily INPUT DATA INPUT DATA 2. You invest $5,000 into a 6% nominal rate 5-year Certificate of Deposit

Semi Quarterly INPUT DATA Monthly INPUT DATA Daily INPUT DATA INPUT

Semi Quarterly INPUT DATA Monthly INPUT DATA Daily INPUT DATA INPUT DATA 2. You invest $5,000 into a 6% nominal rate 5-year Certificate of Deposit (CD). How much will you have in 5 years and what is the effective annual rate under each of the following scenarios? Populate the the INPUT DATA table provided to the right & make necessary adjustments for the 5 year CD. Future Value EFF Annual a. annual compounding? Excel function name INPUT DATA nominal b. semi-annual compounding? PV nper c. quarterly compounding? npery PMT d. monthly compounding? FV Effect e. daily compounding? Semi Quarterly INPUT DATA Monthly INPUT DATA Daily INPUT DATA INPUT DATA 2. You invest $5,000 into a 6% nominal rate 5-year Certificate of Deposit (CD). How much will you have in 5 years and what is the effective annual rate under each of the following scenarios? Populate the the INPUT DATA table provided to the right & make necessary adjustments for the 5 year CD. Future Value EFF Annual a. annual compounding? Excel function name INPUT DATA nominal b. semi-annual compounding? PV nper c. quarterly compounding? npery PMT d. monthly compounding? FV Effect e. daily compounding

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