You just received a bonus of $3000. a. Calculate the future value of $3000, given that...

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Finance

You just received a bonus of $3000.
a. Calculate the future value of $3000, given that it will beheld in the bank for 8 years and earn an annual interest rate of 4percent.
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 8 percent.
d. Recalculate part ?(a?) using a time horizon of 16 years at anannual interest rate of 4 percent.
e.??What conclusions can you draw when you compare the answersin parts ?(c?) and ?(d?) with the answers in parts ?(a?) and?(b?)?

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You just received a bonus of $3000.a. Calculate the future value of $3000, given that it will beheld in the bank for 8 years and earn an annual interest rate of 4percent.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 8 percent.d. Recalculate part ?(a?) using a time horizon of 16 years at anannual interest rate of 4 percent.e.??What conclusions can you draw when you compare the answersin parts ?(c?) and ?(d?) with the answers in parts ?(a?) and?(b?)?