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Your grandmother just gave you $ 1 0 comma 0 0 0 . a . Calculate the future value of $ 1 0 comma 0

Your grandmother just gave you $10 comma 000.
a.Calculate the future value of $10 comma 000, given that it will be invested for 7 years at an annual interest rate of 7 percent.
b.Recalculate part (a) using a compounding period that is(1) semiannual and(2) bimonthly.
c.Now let's look at what might happen if you can invest the money at a rate of 14 percent rather than 7 percent rate; recalculate parts (a) and (b) for an annual interest rate of 14 percent.
d.Now let's see what might happen if you invest the money for 14 years rather than 7years; recalculate part (a) using a time horizon of 14 years(annual interest rate is still 7percent).
e.With respect to the changes in the stated interest rate and length of time the money is invested in parts (c) and (d), what conclusions can you draw?

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