Future Value for Different Compounding Frequencies
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Find the amount to which $500 invested today will grow to in five years under each of the following conditions:
A) 12 percent compounded annually
B) 12 percent compounded semiannually
C) 12 percent compounded quarterly
D) 12 percent compounded monthly
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Answers to questions on Future Value of a single amount invested for 5 years with different compounding frequencies (annually, semiannually, quarterly, monthly) have been provided.
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Find the amount to which $500 invested today will grow to in five years under each of the following conditions:
A) 12 percent compounded annually
B) 12 percent compounded semiannually
C) 12 percent compounded quarterly
D) 12 percent compounded monthly
Note: For the following answers the abbreviations have the following meanings
FVIF= Future Value Interest Factor
It can be read from tables or calculated using the following equations
FVIF( n, ...
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