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FinanceFundamentals of Financial Management, Concise Edition (MindTap Course List)9th Edition

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Chapter 5, Problem 23P
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Fundamentals of Financial Manageme...

9th Edition
Eugene F. Brigham + 1 other
ISBN: 9781305635937

Solutions

Chapter
Section
Problem 1Q
Problem 2Q
Problem 3Q
Problem 4Q
Problem 5Q
Problem 6Q
Problem 7Q
Problem 8Q
Problem 1P
Problem 2P
Problem 3P
Problem 4P
Problem 5P
Problem 6P
Problem 7P
Problem 8P
Problem 9P
Problem 10P
Problem 11P
Problem 12P
Problem 13P
Problem 14P
Problem 15P
Problem 16P
Problem 17P
Problem 18P
Problem 19P
Problem 20P
Problem 21P
Problem 22P
Problem 23P
Problem 24P
Problem 25P
Problem 26P
Problem 27P
Problem 28P
Problem 29P
Problem 30P
Problem 31P
Problem 32P
Problem 33P
Problem 34P
Problem 35P
Problem 36P
Problem 37P
Problem 38P
Problem 39P
Problem 40P
Problem 41SP
Problem 42IC
BuyFindarrow_forward

Fundamentals of Financial Manageme...

9th Edition
Eugene F. Brigham + 1 other
ISBN: 9781305635937
Textbook Problem
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FUTURE VALUE FOR VARIOUS COMPOUNDING PERIODS Find the amount to which $500 will grow under each of these conditions:

  1. a. 12% compounded annually for 5 years
  2. b. 12% compounded semiannually for 5 years
  3. c. 12% compounded quarterly for 5 years
  4. d. 12% compounded monthly for 5 years
  5. e. 12% compounded daily for 5 years
  6. f. Why does the observed pattern of FVs occur?

a.

Summary Introduction

To calculate: future value of cash at 12% compounded annually for 5 years.

Future value of cash flow: If a single cash flow is currently invested with a compound interest, then its growth over the period of time is known as future value of cash flow.

Explanation

Formula to calculate future value of money is,

Future value=Present value×(1+interest rate)Period (I)

Substitute $500 for present value, 12% for interest rate and 5 years for period for annually in equation (I)

b.

Summary Introduction

To calculate: Future value of cash at 12% compounded semiannually for 5years.

Future value of cash flow: If a single cash flow is currently invested with a compound interest, then its growth over the period of time is known as future value of cash flow.

c.

Summary Introduction

To compute: Future value of cash at 12% compounded quarterly for 5 years.

Future value of cash flow: If a single cash flow is currently invested with a compound interest, then its growth over the period of time is known as future value of cash flow.

d.

Summary Introduction

To compute: Future value of cash at 12% compounded monthly for 5 years.

Future value of cash flow: If a single cash flow is currently invested with a compound interest, then its growth over the period of time is known as future value of cash flow.

e.

Summary Introduction

To compute: Future value of cash at 12% compounded daily for 5 years.

Future value of cash flow: If a single cash flow is currently invested with a compound interest, then its growth over the period of time is known as future value of cash flow.

f.

Summary Introduction

To explain: Reason for the occurrences of this observed pattern in face value.

Future value of cash flow: If a single cash flow is currently invested with a compound interest, then its growth over the period of time is known as future value of cash flow.

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Ch-5 P-1QCh-5 P-2QCh-5 P-3QCh-5 P-4QCh-5 P-5QCh-5 P-6QCh-5 P-7QCh-5 P-8QCh-5 P-1PCh-5 P-2P
Ch-5 P-3PCh-5 P-4PCh-5 P-5PCh-5 P-6PCh-5 P-7PCh-5 P-8PCh-5 P-9PCh-5 P-10PCh-5 P-11PCh-5 P-12PCh-5 P-13PCh-5 P-14PCh-5 P-15PCh-5 P-16PCh-5 P-17PCh-5 P-18PCh-5 P-19PCh-5 P-20PCh-5 P-21PCh-5 P-22PCh-5 P-23PCh-5 P-24PCh-5 P-25PCh-5 P-26PCh-5 P-27PCh-5 P-28PCh-5 P-29PCh-5 P-30PCh-5 P-31PCh-5 P-32PCh-5 P-33PCh-5 P-34PCh-5 P-35PCh-5 P-36PCh-5 P-37PCh-5 P-38PCh-5 P-39PCh-5 P-40PCh-5 P-41SPCh-5 P-42IC

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