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Homework: FL2 HW Score: 55 % , 5.5 of 10 pts 5 of 5 (5 complete) Score: 0.5 of 3 pts Question Help P5-38 (similar to) 56,000 is deposited initially at 9% annual interest for 6 years, and (2) determine Changing compounding frequency the effective annual rate (EAR). Using annual, semiannual, and quarterly compounding periods, (1) caloulate the future value i Annual Compounding (Round to the nearest cent) (1) The future value, FV is Enter your answer in the answer box and then click Check Answer Check Anewer Clear All 5 parts remaining LO Annual Compounding (1) The future value, FV, is $ 16,833.73. (Round to the nearest cent.) (2) If the 11% annual nominal rate is compounded annually, the EAR is 11.0 %. (Round to two decimal places.) Semiannual Compounding (1) The future value, FV, is $ 17,110.87 (Round to the nearest cent.) (2) If the 11% annual nominal rate is compounded semiannually, the EAR is 11.30%. (Round to two decimal places.) Quarterly Compounding (1) The future value, FV, is $ 17,258.63. (Round to the nearest cent.) (2) If the 11% annual nominal rate is compounded quarterly, the EAR is 11.46 %. (Round to two decimal places.) Question is complete. Tap on the red indicators to see incorrect answers. All parts showing SEP