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Determine the amount of money

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Question - Determine the amount of money in a savings account at the end of 6years, given an initial deposit of AED 18,000 and 12 percent annual interest rate when interest is compounded (a) annually, (b) semiannually, and (c) quarterly. Find the future value of AED 30,000 at 6 percent compounded quarterly for four years.

Reference no: EM133022925

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