The mark that looks like a raised comma and is used to represent letters that have been omitted from words, word combinations and possession is called an apostrophe.
It depends on the sentence. If it's a contraction of the words "it is" then there is an apostrophe. (See this sentence for an example) If it's to indicate possession it doesn't. (Ex: The old coat...
"Its" without an apostrophe shows possession, as in "its hair is brown." Other possessive pronouns include my, your, his, her, our, and their. "It's" with an apostrophe is always a contraction of two...
As you've written it, there's no apostrophe and is not meant o be one. But you might be asking what is the contracted form of you will, in which case the answer is you'll.
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