Compounding frequency, time value, and effective annual rates For each of the cases in the following table, a. Calculate the future value at the end of the specified deposit period. b. Determine the effective annual rate, EAR c. Compare the nominal annual rater to the effective annual rate, EAR What relationship exists between compounding frequency and the nominal and effective annual rates? (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Case A B D Amount of Nominal initial deposit annual rate, $2,400 6% $48,000 12% $1,100 7% $18,000 16% Compounding frequency, m (times/year) 3 6 2 4 Deposit period (years) 5 3 10 7