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)

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 5 years, and (2) determine the effectivee annual rate (EAR) Annual Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) compounded annually, the EAR is%. (Round to two decimal places.) (2) If the 12% annual nominal rate Semiannual Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) %. (Round to two decimal places.) (2) If the 12% annual nominal rate is compounded semiannually, the EAR is Quarterly Compounding (1) The future value, FVn, is $ (Round to the nearest cent.) compounded quarterly, the EAR is%. (Round to two decimal places.) (2) If the 12% annual nominal rate Enter your answer in each of the answer boxes

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