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Changing compounding frequency    Using​ annual, semiannual, and quarterly compounding​ periods, (1) calculate the future value if ...

Changing compounding frequency   

Using​ annual, semiannual, and quarterly compounding​ periods, (1) calculate the future value if ​$9,000 is deposited initially at 9​% annual interest for 4 ​years, and​ (2) determine the effective annual rate ​(EAR​).

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Annual Compounding

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

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