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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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