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Determine the amount of money in a savings account at the end of 1 year, given an initial deposit of $9,500 and an annual interest

image text in transcribedDetermine the amount of money in a savings account at the end of 1 year, given an initial deposit of $9,500 and an annual interest rate of 12 percent when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Future value

a.Annually

b.Semiannually

c.Quarterly

Determine the amount of money in a savings account at the end of 1 year given an initial deposit of $9.500 and an annual interest rate of 12 percent when interest is compounded Use Appendix A for an approximale answer, but calculate your final answer using the formula and financial calculator methods (Do not round intermediate calculations. Round your final answers to 2 decimal places. Future value Annualy 6 Quarterly

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