P- 36 and 38. Add any detail necessary.

P5-36 LG 5 Changing compounding frequency Using annual, semiannual, and quarterly com- pounding periods for each of the following. (1) calculate the future value if $5,000 is deposited initially, and (2) determine the effective annual rate (EAR). a. At 12% annual interest for 5 years. b. At 16% annual interest for 6 years. c. At 20% annual interest for 10 years. - 11 C LG 5 P5-38 25-38 Continuous compounding For each of the cases in the following table, find the fu- ture value at the end of the deposit period, assuming that interest is compounded continuously at the given nominal annual rate. Case Amount of initial deposit Nominal annual rate,r Deposit period (years), n $1,000 9% 600 10 4,000 2,500