In: Finance
You deposit $600 in an account earning 6% coumpound interest for
3 years. Find the future value and the interest earned for each of
the following compounding frequencies. Use the Bankers' Rule for
daily compounding.
Frequency | Future Value | Interest Earned |
---|---|---|
Annually: | ||
Semiannually: | ||
Quarterly: | ||
Monthly: | ||
Daily: |