Can someone please help me solve these problems or help me find an easy formula?..No matter how many times I read or try calculating I can't get it please help me..I would really appreciate it thank you..

Question

Calculate the future value of the following:
$5,000 compounded annually at 6% for 5 years

$5,000 compounded semiannually at 6% for 5 years

$5,000 compounded quarterly at 6% for 5 years

$5,000 compounded annually at 6% for 6 years

Answer 1

I will do this one:

"$5,000 compounded quarterly at 6% for 5 years"

Amount = 5000(1.015)^20
= ....

notice the value of i is .06/4 (compounded quarterly)
and n = 5*4 = 20, the number of quarter years.

Do the others the same way

Answer 2

Thank you Reiny

Answer 3

How did you get 1.015?

Answer 4

A small computer software company invests $5000 at 10% compounded semiannually for 2 years. What will the compound amount be at the end of this period?

Answer 5

101500

Answer 6

how much would 1000 in an account paying 14 percent interest compounded semi annually accumulate to in 10 years