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3. 2/4 POINTS PREVIOUS ANSWERS AUFEXC4 11.2.501.XP. (a) Using a 5% interest rate with interest compounded quarterly, calculate the future value in 3 years of

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3. 2/4 POINTS PREVIOUS ANSWERS AUFEXC4 11.2.501.XP. (a) Using a 5% interest rate with interest compounded quarterly, calculate the future value in 3 years of $1000, $2000, and $4000. (Rour $1000 $ $2000 $ $4000 $ 4643.02 (b) Based on your answers to part (a), what is the future value if the investment is doubled again, to $8000? (Round your answer to two $ 9286.04

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