Question: Question content area top Part 1 Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, ( 1 ) calculate the future value if $

Question content area top
Part 1
Changing compounding frequencyUsing annual, semiannual, and quarterly compounding periods, (1) calculate the future value if$4 comma 000 is deposited initially at 9% annual interest for 6years, and(2) determine the effective annual rate(EAR).

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