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Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $5,000 is deposited initially at 12% annual interest for

Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if

$5,000 is deposited initially at 12% annual interest for 5 years, and (2) determine the effective annual rate

(EAR). Annual Compounding (1) The future value, FVn, is $___.(Round to the nearest cent.)

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