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Problem 9 - 2 6 ( Algo ) Special compounding [ LO 9 - 5 ] Determine the amount of money in a savings account

Problem 9-26(Algo) Special compounding [LO9-5]
Determine the amount of money in a savings account at the end of 1 year, given an initial deposit of $12,000 and a 4 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 2 decimal places.
\table[[,Future Value],[a. Annually,],[b. Semiannually,],[c. Quarterly,]]
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