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5-5.

stack of 5000 dollarsMost investments receive compound interest as opposed to simple interest. This allows an investment to earn interest on the interest already received. Miranda plans to invest . Calculate the value of her investment after one year, given the following rates Homework Help ✎

  1. Annual interest of compounded monthly.

  2. Annual interest of compounded quarterly ( times per year).

  3. Annual interest of compounded weekly.

  4. Annual interest of compounded daily.

final amount
initial amount
interest rate (as a decimal)
number of compoundings per year
time (years)