personal finance

A)calculate the future value of $6,000, given that it will be invested for 5 years at an annual interest rate of 6 percent. B) recalculate part (a) using a compounding period that is semiannual (every 6 months). C) if you can invest the money at a 12 percent rate rather than 6 percent rate; recalculate parts (a) and (b) for a 12 percent annual interest rate. D) if you invest the money for 12 years rather than 5 years recalulate part (a) using a time horizon of 12 years (annual interest rate is still 6 percent).

 

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