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Problem 9 - 2 6 ( Algo ) Special compounding [ LO 9 - 5 ] Determine the amount of money in a savings account
Problem Algo Special compounding LO
Determine the amount of money in a savings account at the end of year, given an initial deposit of $ and a percent annual interest rate when interest is compounded: Use Appendix A for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
Note: Do not round intermediate calculations. Round your final answers to decimal places.
tableFuture Valuea Annually,b Semiannually,c Quarterly,
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