(Compound interest with nonannual penods) a. Calculale the future sum of $8,000, given that if will be heid in the bank for 9 years at an APR of 6 percent b. Recalculate part a using compounding periods that are (1) semiannual and (2) bimorithly (ewory two months) c. Recakulate parts a and b for an APR of 12 percent. d. Recalculate part a uting at time horizon of 18 years (the APR is still 6 percent) e. When reopect to the effoct of changes in the staled interest rale and bolding periods on future sums in parts c and d. what conclusions do you draw when you compre these figures with the answerb found in parts a and b? (Compound interest with nonannual penods) a. Calculale the future sum of $8,000, given that if will be heid in the bank for 9 years at an APR of 6 percent b. Recalculate part a using compounding periods that are (1) semiannual and (2) bimorithly (ewory two months) c. Recakulate parts a and b for an APR of 12 percent. d. Recalculate part a uting at time horizon of 18 years (the APR is still 6 percent) e. When reopect to the effoct of changes in the staled interest rale and bolding periods on future sums in parts c and d. what conclusions do you draw when you compre these figures with the answerb found in parts a and b