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Determine the amount of money in a savings account at the end of 1 year, given an initial deposit of $4,500 and a 12 percent

Determine the amount of money in a savings account at the end of 1 year, given an initial deposit of $4,500 and a 12 percent annual interest rate when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

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