11. Changlng compounding frequency future value if $8,000 is deposited initially at 8% annual interest for 5 years, and (2) determine the effective annual rate (EAR). Using annual, semiannual, and quarterly compounding periods, (1) calculate the (1) The future value, FV,n is $ (2) If the 8% annual nominal rate is compounded annually, the EAR is Semiannual Compounding (1) The future value, FV,n, is $ (2) If the 8% annual nominal rate is compounded semiannually, the EAR is places.) Quarterly Compoundina (1) The future value, FV,, is $ (2) If the 8% annual nominal rate is compounded quarterly, the EAR is Round to the nearest cent.) %. (Round to two decimal places.) (Round to the nearest cent.) %. (Round to two decimal (Round to the nearest cent.) %, (Round to two decimal places.)