??(Compound interest with? non-annual periods?) You just received a bonus of ?$1,000. a.Calculate the future value...

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??(Compound interest with? non-annual periods?) You justreceived a bonus of ?$1,000. a.Calculate the future value of ?$1,000?, given that it will be held in the bank for 7 years and earnan annual interest rate of 5 percent. b.Recalculate part ?(a?)using a compounding period that is? (1) semiannual and? (2)bimonthly. c.Recalculate parts ?(a?) and ?(b?) using an annualinterest rate of 10 percent. d.Recalculate part ?(a?) using a timehorizon of 14 years at an annual interest rate of 5 percent. e.Whatconclusions can you draw when you compare the answers in parts?(c?) and ?(d?) with the answers in parts ?(a?) and ?(b?)? a.Whatis the future value of ?$1, 000 in a bank account for 7 years at anannual interest rate of 5 ?percent?

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??(Compound interest with? non-annual periods?) You justreceived a bonus of ?$1,000. a.Calculate the future value of ?$1,000?, given that it will be held in the bank for 7 years and earnan annual interest rate of 5 percent. b.Recalculate part ?(a?)using a compounding period that is? (1) semiannual and? (2)bimonthly. c.Recalculate parts ?(a?) and ?(b?) using an annualinterest rate of 10 percent. d.Recalculate part ?(a?) using a timehorizon of 14 years at an annual interest rate of 5 percent. e.Whatconclusions can you draw when you compare the answers in parts?(c?) and ?(d?) with the answers in parts ?(a?) and ?(b?)? a.Whatis the future value of ?$1, 000 in a bank account for 7 years at anannual interest rate of 5 ?percent?