-2- Value of a mixed streamFor the mixed stream of cash flows shown in the following table,

LOADING..., determine the future value at the end of the final year if deposits are made into an account paying annual interest of 12%,

assuming that no withdrawals are made during the period and that the deposits are made:

a. At the end of each year.

b. At the beginning of each year.

Year 1- 40,200 Year 2- 33,500 Year 3- 26,800 Year 4- 13,400 Year 5- 6,700

-3- Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if$9,000 is deposited initially at 9% annual interest for 8 years, and (2) determine the effective annual rate(EAR).

Annual Compounding

(1) The future value, FVn, is $17,933.06. (Round to the nearest cent.)(2) If the 9% annual nominal rate is compounded annually, the EAR is ______________

ROUND ALL ANSWERS TO THE NEARST HUNDRETH.