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Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if$9 comma 0009,000 is deposited initially at 88% annual interest for
Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if$9 comma 0009,000 is deposited initially at 88% annual interest for 77 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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