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Peyton Company deposited $11,500 in the bank today, earning 12% interest. Peyton plans to withdraw the money in 5 years. How much money will be

Peyton Company deposited $11,500 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?

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