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9 a ) What is the future value of $ 1 8 , 2 5 0 ( deposited today, no other deposits made ) after
a What is the future value of $deposited today, no other deposits made after fourteen years assuming annual rate, with semiannual compounding?
b What is the effective annual rate EAR for annual interest, with interest compounded on a semiannual basis? Be sure to show your EAR answer to decimals, that is
c What is the future value of $as above after fourteen years assuming annual rate, with quarterly compounding?
d What is the effective annual rate EAR for annual interest rate with quarterly compounding?
e Explain how the effective annual rate changes based on the number of compounding periods per year.
f What is the future value of $as above after fourteen years assuming annual interest, with daily compounding? Assume a day year and do not do any interim rounding.
g What is the effective annual rate for APR annual interest with daily compounding?
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