Question: For each deposit, calculate the future value given the stated interest rate, compounding period and number of years. Number of Compounding Periods in the Year

For each deposit, calculate the future value given the stated interest

For each deposit, calculate the future value given the stated interest rate, compounding period and number of years. Number of Compounding Periods in the Year 1 2 12 Initial Deposit ($) 600 200 400 Interest Rate (%) 16 14 7 Deposit Future Periods (Yrs) Value ($) 6 21 5 Number of Compounding Periods in the Year Initial Deposit ($) 600 Interest Rate (%) 16 1 Deposit Future Periods (Yrs) Value ($) 6 (Round to the nearest cent.) 21 (Round to the nearest cent.) 5 (Round to the nearest cent.) 14 2 200 7 12 400

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