Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $6,000 is deposited initially at 11 annual interest for 5 years, and (2) determine the effective annual rate (EAR) Forquarterlycompounding,thefuturevalue,is $ (Roundtothenearestcent) Ifthe11 annualnominalrateiscompoundedquarterly,theEARis Roundtotwodecimalplace (Please use an Excel Spreadsheet with formula to show the computations and results)

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Question: Changing compounding frequency. Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $6,000 is deposited initially at 11% annual interest for

Changing compounding frequency. Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $6,000 is deposited initially at 11% annual interest for 5 years, and (2) determine the effective annual rate (EAR).

Forquarterlycompounding,thefuturevalue,is_________$.(Roundtothenearestcent).
Ifthe11%annualnominalrateiscompoundedquarterly,theEARis_________%.Roundtotwodecimalplace.
(Please use an Excel Spreadsheet with formula to show the computations and results).

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