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ASAP please final answer only direct thumps up :) Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if
ASAP please final answer only direct thumps up :)
Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $6,000 is deposited initially at 11% annual interest for 8 years, and (2) determine the effective annual rate (EAR). Annual Compounding (1) The future value, FVn, is : (Round to the nearest cent.) Annual Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) (2) If the % annual nominal rate is compounded annually, the EAR is \%. (Round to two decimal places.) Semiannual Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) (2) If the \% annual nominal rate is compounded semiannually, the EAR is \%. (Round to two decimal places.) Quarterly Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) (2) If the \% annual nominal rate is compounded quarterly, the EAR is (Round to two decimal places.)Step by Step Solution
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