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Accounting

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4 15 16 7 819 10 11 12 13 14 Finish attempt eBook Print Question 10 Not changed since last attempt Marked out of 7.14 Flag question Future Value Computation Kate Company deposited $12,000 in the bank today, earning eight percent interest. Kate plans to withdraw the money in five years. How much money will be available to withdraw assuming that interest is compounded (a) annually. (b) semiannually, and (c) quarterly? Use Excel or a financial calculator for computation. Round answers to the nearest dollar. Annual (b) Semiannually Yo Quarterly Previous Save Answers Next

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