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Compound interest with nonanoa penoda) a. Calculate the future sum of $2000, given that it will be held in the bank for years at an

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Compound interest with nonanoa penoda) a. Calculate the future sum of $2000, given that it will be held in the bank for years at an APR of 3 percent b. Recalculate porta using compounding periods that are (1) semiannual and 2) monthly every two months) c. Recalculate parts (a) and (b) for an APR of 6 percent d. Recalculate part ausing a time horizon of 10 years the APR is still 3 percent) e. With respect to the effect of changes in the stated interest rate and holding periods on future suma in parts (c) and (d) what conclusions do you draw when you compare these figures with the answers found in parts (a) and (by? a. What is the future sum of $2.000 in a bank account for 9 years at APR of 3 percent? Round to the nearest cent)

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