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Frank would like you to calculate the amount of money in his account at the end of three years. There was an initial deposit of

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Frank would like you to calculate the amount of money in his account at the end of three years. There was an initial deposit of $7,500 and an 12 percent annuat interest rate Interest is compounded (d) annually, (b) semiannually, and (c) quarterly. (Use a Financial calculator or Excel to arrive at the answers. Round the final answers to the nearest whole dollar. Submit your calculations on Moodie) Calculate the effective annual interest rate of each compounding possibility. (Use a Finonciol colculator or Excel to arrive ot the answers. Round the final answers to 2 decimal places. Submit your calculations on Moodle)

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