a. What is the future value in five years of $1,000 invested in an account with...

a.	What is the future value in five years of $1,000 invested in an account with an APR of 10 percent, compounded annually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.	What is the future value in five years of $1,000 invested in an account with an APR of 10 percent, compounded semiannually? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

c.	What is the future value in five years of $1,000 invested in an account with an APR of 10 percent, compounded monthly? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

d.	What is the future value in five years of $1,000 invested in an account with an APR of 10 percent, compounded continuously? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Expert Solution

jeff jeffy answered 2 years ago

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