Company A deposit $10,000 now in the bank. Company A will keepdeposits $1500 at the end of each payment period. The interest rateand the payment period information are given in the followingtable. How much will the company have after 5 years in the bankaccount? Assume each year contains 52 weeks/365 days, each quartercontains 13 weeks/90 days, each month contains 4 weeks/30 days.
$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 | |
