Question: Please explain your answer in detail please 9. a) What is the future value of $2,750 after six years under 5.6% semiannual compounding 9b) What

Please explain your answer in detail please 9. a) What is

Please explain your answer in detail please

9. a) What is the future value of $2,750 after six years under 5.6% semiannual compounding 9b) What is the effective annual rate for 5.6% interest with semiannual compounding? Be sure to show your EAR answer to 2 decimals, that is xx xx" 9c) What is the future value of $2,750 after six years under 5.6% quarterly compounding? 9d) What is the effective annual rate (EAR) for 5.6% interest with quarterly compounding? 9e) Explain how the effective annual rate changes based on the number of compounding periods per year. 9f) What is the future value of $2,750 after six years under 5.6% daily compounding? Assume 365 day years and do not do any interim rounding. 9g) What is the effective annual rate for 5.6% (APR) interest with daily compounding? 10. Will the effective annual rate ever be equal to the simple (quoted) rate? Explain

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