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You just received a bonus of $4,000.

a. Calculate the future value of $4,000? given that it will be held in the bank for 5 years and earn an annual interest rate of 7 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 14 percent.

d. Recalculate part (a?) using a time horizon of 10 years at an annual interest rate of 7 percent.

e. What conclusions can you draw when you compare the answers in parts (c?) and (d?) with the answers in parts (a?) and (b?)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800448

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