Question
In: Finance
Future value for various compounding periods Find the amount to which $200 will grow under each...
Future value for various compounding periods
Find the amount to which $200 will grow under each of these conditions:
-
16% compounded annually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$ -
16% compounded semiannually for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$ -
16% compounded quarterly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$ -
16% compounded monthly for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$ -
16% compounded daily for 10 years. Do not round intermediate calculations. Round your answer to the nearest cent.
$ -
Why does the observed pattern of FVs occur?
Solutions
jeff jeffy answered 1 year agoRelated Solutions
Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $550 will grow...
Problem 4-16
Future Value for Various Compounding Periods
Find the amount to which $550 will grow under each of the
following conditions. Do not round intermediate calculations. Round
your answer to the nearest cent.
9% compounded annually for 5 years
$
9% compounded semiannually for 5 years
$
9% compounded quarterly for 5 years
$
9% compounded monthly for 5 years
$
Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $550 will grow...
Problem 4-16
Future Value for Various Compounding Periods
Find the amount to which $550 will grow under each of the
following conditions. Do not round intermediate calculations. Round
your answer to the nearest cent.
3% compounded annually for 5 years
$
3% compounded semiannually for 5 years
$
3% compounded quarterly for 5 years
$
3% compounded monthly for 5 years
$
Problem 4-16 Future Value for Various Compounding Periods Find the amount to which $400 will grow...
Problem 4-16 Future Value for Various Compounding Periods Find
the amount to which $400 will grow under each of the following
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4% compounded annually for 5 years
4% compounded semiannually for 5 years
4% compounded quarterly for 5 years
4% compounded monthly for 5 years $
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding Periods Find
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FV of $200 each 3 months for 10 years at a nominal rate of 16%,
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Future Value of an Annuity for Various Compounding
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Round your answer to the nearest cent.
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FV of $300 each 3 months for 9 years at a nominal rate of 12%,
compounded quarterly. Do not round intermediate calculations. Round
your answer to the nearest cent.
$
The annuities...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
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each 6 months for 9 years at a nominal rate of 8%, compounded
semiannually. Do not round intermediate calculations. Round your
answer to the nearest cent. $ FV of $400 each 3 months for 9 years
at a nominal rate of 8%, compounded quarterly. Do not round
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Future Value of an Annuity for Various Compounding
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compounded semiannually. Do not round intermediate calculations.
Round your answer to the nearest cent.
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Find the future values of the following ordinary annuities.
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compounded semiannually. Do not round intermediate calculations.
Round your answer to the nearest cent.
$
FV of $300 each 3 months for 4 years at a nominal rate of 12%,
compounded quarterly. Do not round intermediate calculations. Round
your answer to the nearest cent.
$
The annuities...
Future Value of an Annuity for Various Compounding Periods Find the future values of the following...
Future Value of an Annuity for Various Compounding
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Find the future values of the following ordinary annuities.
FV of $800 each 6 months for 9 years at a nominal rate of 12%,
compounded semiannually. Do not round intermediate calculations.
Round your answer to the nearest cent.
$
FV of $400 each 3 months for 9 years at a nominal rate of 12%,
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Round your answers to the nearest cent.
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year.
$
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