Question: Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $4 comma 0004,000 is deposited initially at 1212% annual

Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if

$4 comma 0004,000

is deposited initially at

1212%

annual interest for

66

years, and (2) determine the effective annual rate

(EAR).

Annual Compounding

(1) The future value, FV Subscript nFVn, is (Round to the nearest cent.)

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