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(P5-38 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

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(P5-38 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

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