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Determine the amount of money in a savings account at the end of three years, given an initial deposit of $7,500 and an 12 percent

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Determine the amount of money in a savings account at the end of three years, given an initial deposit of $7,500 and an 12 percent annual interest rate when interest is compounded (a) annually. (b) semiannually, and ( quarterly. (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) 3. Annually b. Seniannually c. Quarterly Future value $ 1321757 $ 1343136 1354583 Calculate the effective annual Interest rate of each compounding possibility. (Use a Financial calculator to arrive at the answers. Round the final answers to 2 decimal places.) Effective annual interest rate a. Annually b. Semiannually c. Quarterly X

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