Company A deposit $10,000 now in the bank. Company A will keep deposits $1500 at the end of each payment period. The interest rate and the payment period information are given in the following table. How much will the company have after 5 years in the bank account? Assume each year contains 52 weeks/365 days, each quarter contains 13 weeks/90 days, each month contains 4 weeks/30 days.
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$1500 will be paid… (PP) |
Rate is 12 % per year with the compounding period below (CP) |
Future Value At the end of year 5 |
|
5 |
Yearly |
Daily (365 days/year) |
|
|
6 |
Yearly |
Continuously |
|
|
Yearly |
Quarterly |
|
|
|
7 |
Simi Annually |
Yearly |
|
|
8 |
Simi Annually |
Simi Annually |
|
|
Simi Annually |
Quarterly |
|
|
|
9 |
Simi Annually |
Monthly |
|
|
10 |
Simi Annually |
Weekly |
|
|
11 |
Simi Annually |
Daily |
|
|
12 |
Simi Annually |
Continuously |
|
|
13 |
Quarterly |
Yearly |
|
