Question

Find the future value for each of the following scenarios, where m is the periodic deposit and r is the interest rate.

Future		compounding	time	periodic	interest
Value	r	frequency	in years	deposit (m)	earned
$275,000	7.5%	annually	12	$	$
$225,000	2.9%	semiannually	8	$	$
$200,000	2.3%	quarterly	9	$	$
$225,000	7.5%	monthly	15	$	$
$250,000	2.4%	weekly	9	$

Answer 1