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( Round to the nearest cent) Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $8,000 is deposited

image text in transcribed ( Round to the nearest cent)

Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $8,000 is deposited initially at 8% annual interest for 9 years, and (2) determine the effective annual rate (EAR)

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