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Question Help (Compound interest with nonannual periods) a. Calculate the resum of $3.000. given that it will be held in the bank for 9 years

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Question Help (Compound interest with nonannual periods) a. Calculate the resum of $3.000. given that it will be held in the bank for 9 years at APR of 4 percent b. Recalculate part (a) using compounding periods that are (1) semiannual and 2) bimonly every two months) c. Recalculate parts (a) and (b) for an APR of percent d. Recalculate part (a) using a time horison of 16 years the APR is still 4 percent) e. With respect to the effect of changes in the stated interest rate and holding periods on resums in parts (c) and (d. what conclusions do you draw when you compare these gures with the answers found in parts and by a. What is the future sum of $3.000 in a bank account for 9 years at an APR of 4 percent? R ound to the nearest cent) S

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