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o to Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $7,000 is deposited initially at 8% annual

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o to Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $7,000 is deposited initially at 8% annual interest for 9 years, and (2) determine the effective annual rate (EAR). obl Annual Compounding (1) The future value, FV, is $ (Round to the nearest cent.) t of

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