$5,100 invested for 9 years at 10 percent compounded annually will accumulate to $____ round to nearest cent.

a. A calculate the future value of $5,000, given that it will be held in the bank for 7 years 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. Recalculate part (a) using a time horizon of 14 years at an annual interest rate of 6 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)?