Question: using formula OR Excel function. For questions 1 - 4 use a required nominal annual return: 5.00% 1. Consider a 1-year CD. Principal value $5,000.00

using formula OR Excel function.

For questions 1 - 4 use a required nominal annual return: 5.00%
1. Consider a 1-year CD. Principal value $5,000.00
What is the future value of the CD in 1 year AND what is the effective annual rate?
Future Value EFF
a. annual compounding?
b. semi-annual compounding?
c. quarterly compounding?
d. monthly compounding?
e. daily compounding?
2. Rework problem #1 assuming a 5-year CD with $5000 principal.
Future Value EFF
a. annual compounding?
b. semi-annual compounding?
c. quarterly compounding?
d. monthly compounding?
e. daily compounding?

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