Homework: Chapter 5 Homework Save Score: 0 of 2 pts 12 of 18 (5 complete) HW Score: 12.5%, 45 of 36 pts Problem 5-38 (similar to) Question Help (Compound interest with nonannual periods) a. Calculate the future sum of $5,000, given that it will be held in the bank for 5 years at an APR of 5 percent. b. Recalculate part (a) using compounding periods that are (1) semiannual and (2) bimonthly (every two months). c. Recalculate parts (a) and (b) for an APR of 10 percent. d. Recalculate part (a) using a time horizon of 10 years (the APR is still 5 percent) e. With respect to the effect of changes in the stated interest rate and holding periods on future sums in parts (c) and (d), what conclusions do you draw when you compare these figures with the answers found in parts (a) and (b)? a. What is the future sum of $5,000 in a bank account for 5 years at an APR of 5 percent? S (Round to the nearest cent.)