# Question: Determine the amount of money in a savings account at

Determine the amount of money in a savings account at the end of 10 years, given an initial deposit of $5,500 and a 12 percent annual interest rate when interest is compounded

(a) Annually,

(b) Semiannually,

(c) Quarterly.

(a) Annually,

(b) Semiannually,

(c) Quarterly.

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