Question
A deposit of $1,460 earns the following interest rates: 7 percent in year one, 6.5 percent in year two, 6 percent in year three, and
A deposit of $1,460 earns the following interest rates: 7 percent in year one, 6.5 percent in year two, 6 percent in year three, and 5 percent in year four. What would be the future value for year four?
A. $1,885.55
B. $1,851.75
C. $1,925.37
D. $1,825.48
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AQA AS Accounting Unit 2 Financial And Management Accounting
Authors: Brendan Casey
1st Edition
1500684260?, 978-1500684266
