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Can someone able to show me how they are done? (Related to Checkpoint 5.2) (Compound interest with non-annual periods) You just received a bonus of

Can someone able to show me how they are done?

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(Related to Checkpoint 5.2) (Compound interest with non-annual periods) You just received a bonus of $2,000. a. Calculate the future value of $2,000, given that it will be held in the bank for 8 years and earn an annual interest rate of 7 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 14 percent. d. Recalculate part (a) using a time horizon of 16 years at an annual interest rate of 7 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)? a. What is the future value of $2,000 in a bank account for 8 years at an annual interest rate of 7 percent? (Round to the nearest cent.) b. What is the future value of $2,000 in a bank account for 8 years at 7 percent compounded semiannually? $(Round to the nearest cent.) What is the future value of $2,000 in a bank account for 8 years at 7 percent compounded bimonthly? $(Round to the nearest cent.) c. What is the future value of $2,000 in a bank account for 8 years at an annual interest rate of 14 percent? $(Round to the nearest cent.) What is the future value of $2,000 in a bank account for 8 years at 14 percent compounded semiannually? (Round to the nearest cent.) What is the future value of $2,000 in a bank account for 8 years at 14 percent compounded bimonthly? $(Round to the nearest cent.) d. What is the future value of $2,000 in a bank account for 16 years at an annual interest rate of 7 percent? Click to select your answer(s)

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