a. Calculate the future sum of 58,000 , given that it will be held in the bank for 6 years at an APR of 7 percent. b. Recalculete part a using compounding penods that are (1) temiannual and (2) bimenthy (overy two months). c. Recalculate parts a and b for an APR of 14 percent d. Recalculate part a using a time horizen of 12 years (the APR is stil 7 percent) 6. With respect is the effect of changes in the stated imerest rate and holding periods on future sums in parts c and d, what conclusions do you draw when you compare these figures with the answer found in parts a and b? a. What is the future sum of 98,000 in a bark acocunt for 6 years at an ApR of 7 percent? (Round to the nearest cent)