Question 15, P5-38 (similar to) Part 2 of 6 HW Score: 87.5%, 14 of 16 points O Points: 0 of 1 Save Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $9,000 is deposited initially at 8% annual interest for 9 years, and (2) determine the effective annual rate (EAR). Annual Compounding (1) The future value, FV, is $ 17,991.04. (Round to the nearest cent.) (2) If the 8% annual nominal rate is compounded annually, the EAR is %. (Round to two decimal places.)