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Homework:5-2 MyFinanceLab AssignmentSave below screen is the question I www.matmuaumrmuuenu rlayernumewurmaspx rnumeworKIu=qa4uu4caluquesIIunIu=aaiIu5nBu=ia ISBMID =4 .F see .i' uncenterwm=ye5 FIN ~320nT2748w1?Ew2Collins Homework: 5-2 MyFinanceLab Assignment Score:

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Homework:5-2 MyFinanceLab AssignmentSave below screen is the question

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I www.matmuaumrmuuenu rlayernumewurmaspx rnumeworKIu=qa4uu4caluquesIIunIu=aaiIu5nBu=ia ISBMID =4 .F see .i' uncenterwm=ye5 FIN ~320nT2748w1?Ew2Collins Homework: 5-2 MyFinanceLab Assignment Score: 0 of 1 pt { 5 of 12 (11 complete] 7 b l-IW Score: 57.5%, 6.9 of 12 pts P5-5 (Similar to) 55 Question Help {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 10 years and earn an annual interest rate of 1' percent. h. Recalculate part (a) using a compounding period that is [1) semiannual and (2) bimonthly. c. Recalculate parts (a) and (I!) using an annual interest rate of 14 percent. d. Recalculate part (a) using a time horizon of20 years at an annual interest rate of 1" percent a. What conclusions can you draw when you compare the answers in parts (a) and id} with the answers in parts (a) and (b)? a. What is the future value of $2,000 in a bank account for 10 years at an annual interest rate of? percent? $D (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. (19

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