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Future Value Computation Kate Company deposited $12,000 in the bank today, earning eight percent interest. Kate plans to withdraw the money in five years. How

Future Value Computation Kate Company deposited $12,000 in the bank today, earning eight percent interest. Kate plans to withdraw the money in five years. How much money will be available to withdraw assuming that interest is compounded (a) annually, (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. (a) Annually Semanaly 00 Quarterly

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