Question: [Changing compounding frequency]: Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $4,000 is deposited initially at 12% annual interest for

[Changing compounding frequency]: Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $4,000 is deposited initially at 12% annual interest for 7 years, and (2) determine the effective annual rate (EAR)

Changing compounding frequency Using annual, semiannual, and quarterly compounding periods. (1) calculate the future value il $4,000 is deposited initially at 12% annual interest for 7 years, and (2) determine the effective annual rate (EAR) Annual Compounding 6) The future value, FV, in (Round to the nearest cent)

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