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Problem 9-26 Special compounding (LO9-5) Determine the amount of money in a savings account at the end of 3 years, given an initial deposit of
Problem 9-26 Special compounding (LO9-5) Determine the amount of money in a savings account at the end of 3 years, given an initial deposit of $6,000 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. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Future Value a. Annually b. Semiannually c. Quarterly
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