Question: Question Help Changing compounding frequency Using annual, semiannual, and quarterly compounding periods. (1) calculate the future value if $8,000 is deposited initially at 11% annual
Question Help Changing compounding frequency Using annual, semiannual, and quarterly compounding periods. (1) calculate the future value if $8,000 is deposited initially at 11% annual interest for 4 years, and (2) determine the effect annual rate (EAR). Annual Compounding (1) The future value, FV.is $. (Round to the nearest cent.)
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