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a. What is the future value of $4,000 in a bank account for 10 years at an annual interest rate of 4 percent? $ (Round

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a. What is the future value of $4,000 in a bank account for 10 years at an annual interest rate of 4 percent? $ (Round to the nearest cent.) b. What is the future value of $4,000 in a bank account for 10 years at 4 percent compounded semiannually? $ (Round to the nearest cent.) What is the future value of $4,000 in a bank account for 10 years at 4 percent compounded bimonthly? $ (Round to the nearest cent.) c. What is the future value of $4,000 in a bank account for 10 years at an annual interest rate of 8 percent? ( Round to the nearest cent.) What is the future value of $4,000 in a bank account for 10 years at 8 percent compounded semiannually? $ (Round to the nearest cent.) What is the future value of $4,000 in a bank account for 10 years at 8 percent compounded bimonthly? $ (Round to the nearest cent.) d. What is the future value of $4,000 in a bank account for 20 years at an annual interest rate of 4 percent? $ (Round to the nearest cent.) e. With respect to the effect of chri.jas in the stated interest rate and holding periods on future sums, which of the following statements is correct? (Select the best choice below.) A. An increase in the stated interest rate will decrease the future value of a given sum. Whereas, an increase in the length of the holding period will increase the future value of a given sum. B. An increase in the stated interest rate will increase the future value of a given sum. Likewise, an increase in the length of the holding period will increase the future value of a given sum. C. An increase in the stated interest rate will increase the future value of a given sum. Whereas, an increase in the length of the holding period will decrease the future value of a given sum. D. An increase in the stated interest rate will decrease the future value of a given sum. Likewise, an increase in the length of the holding period will decrease the future value of a given sum

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