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

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Finance

You just received a bonus of ?$ 3, 000. a.??Calculate the futurevalue of ?$ 3, 000?, given that it will be held in the bank for 10years and earn an annual interest rate of 6 percent.b.??Recalculate part ?(a?) using a compounding period that is? (1)semiannual and? (2) bimonthly. c.??Recalculate parts ?(a?) and?(b?) using an annual interest rate of 12 percent. d.??Recalculatepart ?(a?) using a time horizon of 20 years at an annual interestrate of 6 percent. e.??What conclusions can you draw when youcompare the answers in parts ?(c?) and ?(d?) with the answers inparts ?(a?) and ?(b?)? a.??What is the future value of ?$ 3, 000 ina bank account for 10 years at an annual interest rate of 6?percent?

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You just received a bonus of ?$ 3, 000. a.??Calculate the futurevalue of ?$ 3, 000?, given that it will be held in the bank for 10years and earn an annual interest rate of 6 percent.b.??Recalculate part ?(a?) using a compounding period that is? (1)semiannual and? (2) bimonthly. c.??Recalculate parts ?(a?) and?(b?) using an annual interest rate of 12 percent. d.??Recalculatepart ?(a?) using a time horizon of 20 years at an annual interestrate of 6 percent. e.??What conclusions can you draw when youcompare the answers in parts ?(c?) and ?(d?) with the answers inparts ?(a?) and ?(b?)? a.??What is the future value of ?$ 3, 000 ina bank account for 10 years at an annual interest rate of 6?percent?