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please answer all parts Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $5,000 is deposited initially at
please answer all parts
Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $5,000 is deposited initially at 12% annual interest for 5 years, and (2) determine the effective annual rate (EAR). Annual Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) (2) If the 12% annual nominal rate is compounded annually, the EAR is \%. (Round to two decimal places.) Semiannual Compounding (1) The future value, FVn, is : (Round to the nearest cent.) (2) If the 12% annual nominal rate is compounded semiannually, the EAR is \%. (Round to two decimal places.) Quarterly Compounding (1) The future value, FVn, is : (Round to the nearest cent.) (2) If the 12% annual nominal rate is compounded quarterly, the EAR is \%. (Round to two decimal places.) Step by Step Solution
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