A $12,000,000 fund is invested for 10 years. For each altern…

A $12,000,000 fund is invested for 10 years. For each alternative, report the effective annual rate and the future value: (2 points each) Round EAR to two decimals with % sign, FV to the next dollar with thousands separator. EAR (%) Future Value ($) (i) 9.60% compounded quarterly (ii) 9.50% compounded daily (365) (iii) 9.55% compounded monthly (iv) 9.40% compounded continuously