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Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, ( 1 ) calculate the future value if $ 7 comma 0 0 0 is

Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if$7 comma 000 is deposited initially at 11% annual interest for 6years, and(2) determine the effective annual rate(EAR).

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