Q. What is the balance in an account at the end of 10 years if $2,500 is deposited today and the account earns 4% interest, compounded annually? quarterly?
Open the Single Cash Flow screen. Select solve for Future value.
Present Value: 2500
Annual Interest Rate: 4
Time Period in Years: 10
Compounding Interval: Yearly
Ans: $3,700.61
Compounding Interval: Quarterly
Ans: $3,722.16
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