Changing compounding frequency Using annual, semiannual and quarterly compounding periods. (1) calculate the future value if 57.000 is deposited initially at 11% annual interest for 8 years, and (2) determine the effective annual rate (EAR) THESE Annual Compounding (1) The future value, FV, 51 (Round to the nearest cent) 2) If the 11% annual nominal rate is compounded annually, the EAR is % (Round to two decimal places.) Semiannual Compounding (1) The future value, FV, is $ (Round to the nearest cent) (2) If the 11% annual nominal rate is compounded semiannually, the EARIS % (Round to two decimal places) Quarterly Compounding (1) The future value, FV, is (Round to the nearest cent.) (2) If the 11% annual nominal rate in compounded quarterly, the EARS % (Round to two decimal places)