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Changing compounding frequency - Using annual, semiannual, and monthly compounding periods for each of the following, (1) compute the future value if $3,000 is deposited initially, and (2) find the effective annual rate (EAR).

1. At 10% annual interest for 4 years.

2. At 14% annual interest for 5 years.

3. At 20% annual interest for 7 years.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91145630

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