Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $5,000 is deposited initially at 9% 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.)

Part 2

(2) If the annual nominal rate is compounded annually, the EAR is.______(Round to two decimal places.)

Part 3

Semiannual Compounding

(1) The future value, FVn, is _____(Round to the nearest cent.)

Part 4

(2) If the annual nominal rate is compounded semiannually, the EAR is____(Round to two decimal places.)

Part 5

Quarterly Compounding

(1)

The future value, FVn, is ____(Round to the nearest cent.)

Part 6

(2) If the annual nominal rate is compounded quarterly, the EAR is____(Round to two decimal places.)