5. You just received a bonus of ?$3,000. A. Calculate the future value of ?$3,000?, given...

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Finance

5. You just received a bonus of ?$3,000.
A. Calculate the future value of ?$3,000?, given that it will beheld in the bank for 9 years and earn an annual interest rate of 5percent.
B. Recalculate part ?(a?) using a compounding period that is?(1) semiannual and? (2) bimonthly.
C. Recalculate parts ?(a?) and ?(b?) using an annual interestrate of 10 percent.
D. Recalculate part ?(a?) using a time horizon of 18 years at anannual interest rate of 5 percent.
E. What conclusions can you draw when you compare the answers inparts ?(c?) and ?(d?) with the answers in parts ?(a?) and?(b?)?

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5. You just received a bonus of ?$3,000.A. Calculate the future value of ?$3,000?, given that it will beheld in the bank for 9 years and earn an annual interest rate of 5percent.B. Recalculate part ?(a?) using a compounding period that is?(1) semiannual and? (2) bimonthly.C. Recalculate parts ?(a?) and ?(b?) using an annual interestrate of 10 percent.D. Recalculate part ?(a?) using a time horizon of 18 years at anannual interest rate of 5 percent.E. What conclusions can you draw when you compare the answers inparts ?(c?) and ?(d?) with the answers in parts ?(a?) and?(b?)?