Directions: Complete the table below. Show your solution on a separate sheet. Frequency of Number of Future Comp Value F Inter Principal Nominal Periodic Term t P (P) Rate j conversion Rate j (P) (P convers ion n 10,000 15% Monthly 5 years 12% 3 years 3% 300,000 3. 15,000 bi-monthly 2 years 35,000 Semi- 4. 25,000 10% 50,000 annually 1. 2.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
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Written Work No.4 : COMPOUND INTERESTS
Directions: Complete the table below. Show your solution on a separate sheet.
Frequency
of
conversion
Number
of
Future
Value F
Compound
Interest
Principal Nominal
Periodic
Term t
P (P)
Rate j
Rate j
convers
(P)
(P)
ion n
1.
10,000
15%
Monthly
5 years
2.
12%
3 years
3%
300,000
3.
15,000
bi-monthly
2 years
35,000
Semi-
4.
25,000
10%
50,000
annually
Transcribed Image Text:Written Work No.4 : COMPOUND INTERESTS Directions: Complete the table below. Show your solution on a separate sheet. Frequency of conversion Number of Future Value F Compound Interest Principal Nominal Periodic Term t P (P) Rate j Rate j convers (P) (P) ion n 1. 10,000 15% Monthly 5 years 2. 12% 3 years 3% 300,000 3. 15,000 bi-monthly 2 years 35,000 Semi- 4. 25,000 10% 50,000 annually
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