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A bank account offers an increasing interest rate for cash left on deposit with 2% in the first year, 3% in the second, 4% in
A bank account offers an increasing interest rate for cash left on deposit with 2% in the first year, 3% in the second, 4% in the third and 5% for all subsequent years. To receive 2,000 in 3 years' time how much should I deposit now?
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