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(Compound interest with non-annual periods) Calculate the amount of money that will be in each of the following accounts at the end of the given
(Compound interest with non-annual periods)
Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period:
Account Holder Amount Deposited Annual Interest Rate Compounding Periods Per Year (M) Compounding Periods (Years)
Kelly Cravens 16,000 10% 6 3
The amount of money in Kelly Cravens's account at the end of 3 years will be $ ______. (Round to the nearest cent.)
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