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Changing compounding frequency Using annual, semiannual, and quarterly compounding periods. (1) calculate the future value it $7.000 is deposited initially 9% annual interest for 7

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Changing compounding frequency Using annual, semiannual, and quarterly compounding periods. (1) calculate the future value it $7.000 is deposited initially 9% annual interest for 7 years, and (2) determine the effective annual rate (EAR) Annual Compounding (1) The future value, FV.is $ (Round to the nearest cent) est

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