(Solution) - Find the future value of an investment of 2 500 made -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Find the future value of an investment of $2,500 made today for the following rates and periods:
a. 6.25 percent compounded semiannually for 12 years.
b. 7.63 percent compounded quarterly for 6 years.
c. 8.9 percent compounded monthly for 10 years.
d. 10 percent compounded daily for 3 years.
e. 8 percent compounded continuously for 2 years.