need help with d.

Calculate the future value of $10,000 in a. 8 years at an interest rate of 8% per year. b. 16 years at an inberest rale of 8% por yoar: c. 8 years at an interest rase of 16% per year. d. Why is the armount of interest earned in part (a) loss than half the amount of interest earned in port (b)? a. 8 years at an interest rate of 8% per yoar. The future value of $10,000 in 8 years at an intecest rate of 8% per yoar is $18,508.30. (Round to the nearest cent) b. 16 years at an imlerest rate of 8% por year. The future value of $10,000 in 16 years at an interest rato of 8% per year is $ (Round to the nearest cent) c. 8 years at an interest rate of 16% per year. The future value of $10,000 in 8 years at an interest rate of 10% per year is $32,784,15. (Round to the nearest cent) d. Why is the amount of interest earned in part (a) less than half the amount of interest earned in part (b)? (Select the best choice below) A. This resuls because you eam interest on past interest since more interest has been paid of the end of the time period than at the beginning, the money grows lastar. 8. The amount of interest earned in part (a) is really half of the arnount of interest eamed in part (b) since in part (b) me money grows for twice as many years as in part (a). c. The annual interest rate in part (b) is slighty higher than the rate assumed in part (a) This is because of compounding D. The interest eamed in part (a) is based on a lower effective annual interest rate