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How much has he accumulated? Determine the amount of money in a savings account at the end of 10 years, given an initial deposit of

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How much has he accumulated? Determine the amount of money in a savings account at the end of 10 years, given an initial deposit of $5,500 and a 12 percent annual interest rate when interest is compounded (a) annually, (b) semiannually, and (c) quarterly As stated in the chanter, annuity payments are assumed to come at the end 26. 27

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