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Problem 9-26 (Algo) Special compounding [LO9-5] Determine the amount of money in a savings account at the end of 3 years, given an initial deposit
Problem 9-26 (Algo) Special compounding [LO9-5] Determine the amount of money in a savings account at the end of 3 years, given an initial deposit of $6,500 and a 12 percent annual interest rate when interest is compounded: Use AppendixAforanapproximateanswer,butcalculateyourfinalanswerusingthe formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Problem 9-26 (Algo) Special compounding [LO9-5] Determine the amount of money in a savings account at the end of 3 years, given an initial deposit of $6,500 and a 12 percent annual interest rate when interest is compounded: Use AppendixAforanapproximateanswer,butcalculateyourfinalanswerusingthe formula and financial calculator methods. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places
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