nakeytrag
nakeytrag
12.04.2021 • 
Mathematics

Changing compounding frequency Using​ annual, semiannual, and quarterly compounding​ periods, (1) calculate the future value if ​$7,000 is deposited initially at 12​% annual interest for 6 ​years, and​ (2) determine the effective annual rate ​(EAR​). Annual Compounding ​(1) The future​ value, FVn​, is ​$nothing. ​(Round to the nearest​ cent.)

Solved
Show answers

Ask an AI advisor a question