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Problem 5 . 2 : Assume the company you work for had a great year and as a result you were awarded a $ 5

Problem 5.2: Assume the company you work for had a great year and as a result you were awarded a $5,000 bonus for all of your hard work.
a. Calculate the future value of the $5,000 if it will be held in a corporate bond fund for 10 years and earned an annual compound interest rate of 4.5%.
b. Recalculate part 'a' using a compounding period that is (1) quarterly; and (2) monthly.
c. Why are the values in part 'b' larger than part 'a'?

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