Purchase Solution

future value

Not what you're looking for?

Ask Custom Question

What is the future value three years hence of $1000 invested in an account with a stated annual interst rate of 8%:

a) compounded annually?

b) compounded semiannually?

c) compounded monthly?

d) compouuned continuously?

e) Why does the future value increase as the compounding period shortens?

Purchase this Solution

Solution Summary

This job determines future value.

Purchase this Solution


Free BrainMass Quizzes
Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Basics of corporate finance

These questions will test you on your knowledge of finance.

Lean your Process

This quiz will help you understand the basic concepts of Lean.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.