Question: Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if4,000$ is deposited initially at 9% annual interest for 6 years,

Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if4,000$ is deposited initially at 9% annual interest for 6 years, and (2) determine the effective annual rate(EAR).

Annual Compounding 1) The future value, FVn, is . (Round to the nearest cent.)

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