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Annual Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) (2) If the 12% annual nominal rate is compounded annually, the

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Annual Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) (2) If the 12% annual nominal rate is compounded annually, the EAR is \%. (Round to two decimal places.)

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