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Consider a dollar amount of $750 today, along with a nominal interest rate of 15.00%. You are interested in calculating the future value of this amount after 5 years. For alf future value calculations, enter - $750 (with the negative sign) for PV and for PMT, When calculating the future value of $750, compounded annually for 5 years, you would enter a value of for N, a value of for f/ Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded annually for 5 at the given nominal interest rate, yields a future value of approximately When calculating the future value of $750, compounded semi-annually (twice per year) for 5 years, you would enter a value of value of for / for N, a Using the keystrokes you just identified on your financial calculator the future value of $750, compounded semi-annually for 5 at the given nominal Interest rate, yields a future value of When calculating the future value of $750, compounded quarterly for 5 years, you would enter a value of 1/4 for N, a value of for Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded quarterly for 5 at the given nominal interest rate, yields a future value of When calculating the future value of $750, compounded monthly for 5 years, you would enter a value of for 1/4 for N, a value of Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded monthly for 5 at the given nominal Interest rate, yields a future value of Hint: Assume that there are 365 days in a year, When calculating the future value of $750, compounded daily for 5 years, you would enter a value of for 1/Y. for N, a value of Using the keystrokes you just identified on your financial calculator, the future value of $750, compounded daily for 5 at the given nominal interest rate, yields a future value of Based on the results of your calculations, you can conclude that all else equal more frequent compounding leads to a This is due to a periodic interest for more frequent compounding. future value

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