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Compound interest with non-annual periods

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(Compound interest with non-annual periods)
You just received a $5,000 bonus.

a. Calculate the future value of $5,000, given that it will be held in the bank for five years
and earn an annual interest rate of 6%.
b. Recalculate part (a) using a compounding period that is (1) semiannual and
(2) bimonthly.
c. Recalculate parts (a) and (b) using a 12% annual interest rate.
d. Recalculate part (a) using a time horizon of 12 years at a 6% interest rate.
e. What conclusions can you draw when you compare the answers in parts (c) and (d)
with the answers in parts (a) and (b)?

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