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On January 1, 2017, $16,000 is deposited. Assuming an 8% interest rate, calculate the amount...

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Accounting

On January 1, 2017, $16,000 is deposited. Assuming an 8% interest rate, calculate the amount accumulated on January 1, 2022, if interest is compounded (a) annually, (b) semiannually, and (c) quarterly. Round your answers to the nearest dollar. Future Value a. Annual compounding $ b. Semiannual compounding $ c. Quarterly compounding $

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