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Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if$6 comma 0006,000 is deposited initially at 1111% annual interest for

Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if$6 comma 0006,000 is deposited initially at 1111% annual interest for 88 years, and (2) determine the effective annual rate(EAR). Annual Compounding (1) The future value, FV Subscript nFVn, is $nothing. (Round to the nearest cent.)

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