e. What concl with the answers to parts a and b? much it might grow if you invest it. an annual interest rate of 6 percent. 5.3 on page 170) Your grandmother just gave you $6,000. You'd like to see how a. Calculate the future value of $6,000, given that it will be invested for five years 5. Recalculate part a using a compounding period that is (1) semiannual and (2) bimonthly c. Now let's look at what might happen if you can invest the money at a 12 percent rate rather than a 6 percent rate; recalculate parts a and b for a 12 percent annual interest rate. d. Now let's see what might happen if you invest the money for 12 years rather than 5 years; recalculate part a using a time horizon of 12 years (the annual interest rate is still 6 percent), e. With respect to the changes in the stated interest rate and the length of time the money is invested in parts c and d, what conclusions can you draw