Changing compounding frequency Using annual, semiannual and quarterly compounding periods (1) calculate the annual rate (FAR) ture Value $7,000 is deposited intially at 11% annual interest for 9 years, and (2) determine the effective Annual Compounding (1) The future vakre FV.is Round to the nearest cent) Round to two decimal places) ) If the 11 aral nominal rate is compounded annually the EARIS Serius Concours (1) The future F i (Round to the newest cant) if the 11% anual nominal els compounded semiannually the EARIS Quarterly Compounding (1) The two value. FV. (Round to the nearest cant) found to be decimal places) 2) If the 11% nominale is compounded quarterly the EAR R ound to we decimal places)