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a. Calculate the future sum of $2,000, given that it will be held in the bank for 7 years at an APR of 7 percent.
a. Calculate the future sum of $2,000, given that it will be held in the bank for 7 years at an APR of 7 percent. b. Recalculate part a using compounding periods that are (1) semiannual and (2) bimonthly (every two months). c. Recalculate parts a and b for an APR of 14 percent. d. Recalculate part a using a time horizon of 14 years (the APR is still 7 percent). b? a. What is the future sum of $2,000 in a bank account for 7 years at an APR of 7 percent? (Round to the nearest cent.)
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