Delia Martin will receive a sum of $ 10,000 in the end of every specified compounding period of Five savings accounts after a 10 year period.
Bank A compounds interest on an annual basis
Bank B compounds interest twice each year
Bank C compounds interest each quarter
Bank D compounds interest each Monthly
Bank F compounds interest continously
All Five banks have a stated annual interest rate of 12%
1. Calculate total amount deposited/today / Present value to avail benefit in every period.
2. Calculate Total discounted amount by all banks in each situation.
3. What if sum will receive at the start of period.
4. Calculate receiving amount of every period.
