Find the future value in five years of an investment of $148,000 made today that earns 10.00 percent for the following compounding periods: (Round your final answer to the nearest penny.)     Value of investment after 5 years   a. Quarterly   $ _________________     b. Monthly   $ ________________     c. Daily   $ _________________     d. Continuous   $ ____________________

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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Find the future value in five years of an investment of $148,000 made today that earns 10.00 percent for the following compounding periods: (Round your final answer to the nearest penny.)

 

  Value of investment after 5 years  
a. Quarterly   $ _________________
 
 
b. Monthly   $ ________________
 
 
c. Daily   $ _________________
 
 
d. Continuous   $ ____________________
 
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