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Question content area top Part 1 Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, ( 1 ) calculate the future value i f

Question content area top

Part

1

Changing compounding frequency Using annual, semiannual, and quarterly compounding periods,

(1)

calculate the future value

i f

4

comma

000 i s

deposited initially

a t 9 %

annual interest for

6

years, and

(2)

determine the effective annual rate

(E A R) .

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