Calculate the future value of the followinga first fv1, Ask an Expert

Finance

Calculate the Future value of the following:

A. First FV:

1. Interest 8%

2. Compounds quarterly

3. Present value $75,000

4. Time five years

B. Second FV:

1. Interest 8%

2. Compounds Daily

3. Present value $75,000

4. Time five years

C. What is the spread of the two calculations and why has there been a change when everything is the same except the number of compounds.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92772542

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