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Future Value Computation Peyton Company deposited $11,000 in the bank today, earning 12% interest. Peyton plans to withdraw the money in 5 years. How much

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Future Value Computation Peyton Company deposited $11,000 in the bank today, earning 12% interest. Peyton plans to withdraw the money in 5 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 your answer to nearest dollar. (a) Annually (b) Semiannually (c) Quarterly

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