Question: You wish to determine the future value at the end of 2 years of a $15,000 deposit made today into an account paying a nominal

You wish to determine the future value at the end of 2 years of a $15,000 deposit made today into an account paying a nominal annual rate of 12%.

a. Find the future value of your deposit, assuming that interest is compounded

(1) annually

(2) quarterly

(3) Monthly

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