Determine the amount of money in a savings account

Reference no: EM131967240

Question: Determine the amount of money in a savings account at the end of 3 years, given an initial deposit of $6,500 and an annual interest rate of 12 percent 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.)

Reference no: EM131967240

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