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Determine the amount of money in a savings account

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Reference no: EM132923300

Question - Determine the amount of money in a savings account at the end of 1 year, given an initial deposit of $12,500 and a 8 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.)

a. annually:

b. semiannually:

c. quarterly:

Reference no: EM132923300

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