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PLease solve for 1 & 2 Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $5,000 is deposited

PLease solve for 1 & 2

image text in transcribed Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $5,000 is deposited initially at 11% annual interest for 4 years, and (2) determine the effective annual rate (EAR). Annual Compounding (1) The future value, FVn, is $ (Round to the nearest cent.)

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