Deposited initially and determine effective annual rate

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Reference no: EM13883699

Using annual, semiannual, and quarterly compounding periods for each of the following, (1) calculate the future value if $5000 is deposited initially and (2) determine the effective annual rate.

a. At 12% annual interest for 5 years

b. At 16% annual interest for 6 years

c. At 20% annual interest for 10 years

Reference no: EM13883699

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