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(2-2) Today (January 1), you deposit $500 into a savings account that pays 7% annual interest. Complete the Savings Balance table by calculating how much

(2-2) Today (January 1), you deposit $500 into a savings account that pays 7% annual interest.

Complete the Savings Balance table by calculating how much money you would have in your savings account each year for 10 years if interest is compounded:

  1. Annually

  2. Quarterly

  3. Monthly

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