Question: What's the best way to solve this problem ? Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if

What's the best way to solve this problem ?

What's the best way to solve this problem ?
Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if $9,000 is deposited initially at 9% annual interest for 4 years, and (2) determine the effective annual rate (EAR) ' M Annual Compounding (1) The future value, FVn, is $D. (Round to the nearest cent.) _ (2) if the 9% annual nominal rate is compounded annually, the EAR is D%. (Round to two decimal places.) Semiannuat Compounding (1) The future value, FVn, is 39D. (Round to the nearest cent.) (2) If the 9% annual nominal rate is compounded semiannuaily, the EAR is [3%. (Round to two decimal places.) Quarterly Compounding (1) The future value. FVn, is $D. (Round to the nearest cent.) (2) If the 9% annual nominal rate is compounded quarterly, the EAR is D%. (Round to two decimal places.)

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