Solved: Critique-future value increase as compounding period shorten, Finance Basics

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Critique-future value increase as compounding period shorten

Problem: What is the future value three years hence of $1000 invested in an account with a stated annual interst rate of 8%:

a) compounded annually?

b) compounded semiannually?

c) compounded monthly?

d) compouuned continuously?

e) Why does the future value increase as the compounding period shortens?

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Finance Basics: Critique-future value increase as compounding period shorten

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Finance Basics: Critique-future value increase as compounding period shorten

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