Q: Find the future value of 5200 at 7 34 percent compounded quarterly for 7 12 years Ignore leap years?

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It is 712.97

138645

1 x (1.03)40 = 3.26

Annual: 176.23 Semiannually : 179.08 Quarterly: 180.61 Monthly: 181.67 Daily: 182.19 (assuming 365.25 days per year, on average).

Assuming the interest is compounded annually, the future value is 100*(1.04)10 = 100*1.4802 (approx) = 148.02

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$5,052.22

It is 712.97

138645

1 x (1.03)40 = 3.26

Annual: 176.23 Semiannually : 179.08 Quarterly: 180.61 Monthly: 181.67 Daily: 182.19 (assuming 365.25 days per year, on average).

the future value of $5,000 in a bank account for 10 years at 5 percent compounded bimonthly?

Compounded annually: 2552.56 Compounded monthly: 2566.72

1862

$1480.24

Assuming interest is added at the end of the year, the future value is 13,710.59

39,337.20

Wow! Where can we get some of that 11.75% ?!?The future value is 5,800 x (1.1175)30 = 162,500.22 (rounded)