1- What’s the future value of an initial $100 after 3 years if it is invested in an account paying 8% annual interest and compounded annually? How about if the interest is compounded hourly?2- What is the present value of $100 to be received in 3 years if the annual interest rate is 8% and compounded annually? How about if the interest is compounded daily?

1- What’s the future value of an initial $100 after 3 years if it is invested in an account paying 8% annual interest and compounded annually? How about if the interest is compounded hourly?2- What is the present value of $100 to be received in 3 years if the annual interest rate is 8% and compounded annually? How about if the interest is compounded daily?

1- What’s the future value of an initial $100 after 3 years if it is invested in an account paying 8% annual interest and compounded annually? How about if the interest is compounded hourly?2- What is the present value of $100 to be received in 3 years if the annual interest rate is 8% and compounded annually? How about if the interest is compounded daily?