What is the future value of a 5-year ordinary annuity of $1000
if the appropriate interest rate is 5%? What is the present value
of the annuity?
What is the future value of $1000 after 4 years under 10%
annual compounding? Semiannual compounding? Quarterly compounding?
Monthly compounding? Daily compounding
What is the effective annual rate (EAR or EFF%)? What is the
EFF% for a nominal rate of 5%, compounded semiannually? Compounded
quarterly? Compounded monthly? Compounded daily?