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P5-38 (similar to) 3 Question Help 0 Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $7,000 is

P5-38 (similar to) 3 Question Help 0 Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $7,000 is deposited initially at 12% annual interest for 4 years, and (2) determine the effective annual rate (EAR)

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