Calculating Future Value
I am trying to calculate the following
Find the future value of an investment of $5,000 made today for the following
1,) 6.25 percent compounded semi-annually for twelve years
2.) 7.63 percent compounded quarterly for six years
3.) 8.9 percent compounded monthly for ten years
4.) 10 percent compounded daily for three years
5.) 8 percent compounded continuously for two years
I don't really want you to do the calculations for me, I need to know how to do the calculations to find these various types of answers using Excel. If you do work the problem please change the numbers so that I can follow what you are doing but am not getting the answer from you on this specific problem. I just am trying to learn how to do the calculations myself.
Thanks for the help!
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