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Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if9,000 is deposited initially at 9% annual interest for 9 years, and (2)

Using annual, semiannual, and quarterly compounding periods,

(1) calculate the future value if9,000 is deposited initially at 9% annual interest for 9 years, and

(2) determine the effective annual rate

(EAR).

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