Question

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

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


compounding time future interest
m r frequency in years value earned
$350 5% annually 14 $ $
$450 5.2% semiannually 15 $ $
$350 4.3% quarterly 8 $ $
$175 4.6% monthly 11 $ $
$400 5.1% weekly 13 $ $

Homework Answers

Answer #1
FV = Future Value
PV = Present Value
r = rate of interest
n= no of period
a) FV = PV (1 + r )^n
FV = 350*(1+5%)^14
FV = 692.98
b) FV = PV (1 + r )^n
FV = 450*(1+5.2%/2)^30
FV = 971.93
c) FV = PV (1 + r )^n
FV = 350*(1+4.3%)^32
FV = 1346.37
d) FV = PV (1 + r )^n
FV = 175*(1+4.6%/12)^132
FV = 289.98
e) FV = PV (1 + r )^n
FV = 400*(1+5.1%/52)^676
FV = 775.99
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