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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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