Score: 0.25 of 2 pts 13 of 13 (12 complete) HW Score: 81%, 12.15 of 15 pts Problem 5-39 (similar to) Question Help 0 (Compound interest with nonannual periods) a. Calculate the future sum of $6,000. given that it will be held in the bank for 5 years at an APR of 4 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 8 percent d. Recalculate part a using a time horizon of 10 years (the APR is still 4 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 $6,000 in a bank account for 5 years at an APR of 4 percent? $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. ? parts Clear All Check Answer remaining