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  3. 2. calculate the future value of a $5,000 cd earni

2. Calculate the future value of a $5,000 CD earning 6.4% interest for 7 years...

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Accounting

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2. Calculate the future value of a $5,000 CD earning 6.4% interest for 7 years under the following scenarios (use a calculator for the algebraic formula answer, check using the =FV function). (in Excel use =FV(1,0,0,(PV),0). Make PV negative because it is a cash out-flow. (Use the EXP function for the continuous compounding problem.) Show what Algebraic Formula you use. Submit a screenshot or picture jpg orpdf format) of this sheet filled out with the algebraic calculations, and submit your excel spreadsheet with an identifiable name to the class canvas website. Algebraic Formula Answer Spreadsheet A. Compounded yearly: I B. Compounded twice a year C. Compounded quarterly: D. Compounded monthly E. Compounded continuously

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