Louisiana State University, Shreveport FIN FIN 701 a) What is the future value of $12,500 (deposited today, no other deposits made) after seventeen years under 6.50% annual rate, with semi-annual
under 6.50% annual rate, with compounding?
b) What is the effective annual rate for 6.50% annual rate with interest compounded on a semiannual basis? Be sure to show your EAR answer to 2 decimals, that is xx.xx%
c) What is the future value of $12,500 (as above) after seventeen years under 6.50% annual rate, with quarterly compounding?
d) What is the effective annual rate (EAR) for 6.50% annual interest rate with quarterly compounding?
e) Explain how the effective annual rate changes based on the number of compounding periods per year.
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