Question

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
$150	5%	annually	6	$	$
$400	2.4%	semiannually	8	$	$
$175	2.2%	quarterly	14	$	$
$375	6.8%	monthly	13	$	$
$150	2.6%	weekly	9	$	$

Answer 1