Question: Changing compounding frequency??? Using? annual, semiannual, and quarterly compounding ?periods, (1) calculate the future value if???$7000 is deposited initially at 9?% annual interest for 4

Changing compounding frequency???Using? annual, semiannual, and quarterly compounding ?periods, (1) calculate the future value if???$7000 is deposited initially at 9?% annual interest for 4 years and? (2) determine the effective annual rate?????(EAR?).

Annual Compounding:

Semiannual Compounding:

Quarterly Compounding:

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