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Business, 13.11.2019 21:31 shawn4544

Changing compounding frequency using annual, semiannual, and quarterly compounding periods for each of the following, (1) calculate the future value if $5,000 is deposited initially, and (2) determine the effective annual rate (ear).
a. at 12% annual interest for 5 years.
b. at 16% annual interest for 6 years.
c. at 20% annual interest for 10 years.

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