Question
A deposit of $300 earns the following interest rates: a. 8 percent in the first year. b. 6 percent in the second year. c. 5
A deposit of $300 earns the following interest rates:
a. 8 percent in the first year.
b. 6 percent in the second year.
c. 5 percent in the third year.
What would be the third year future value? (Round your answer to 2 decimal places.)
Future value =
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Financial Management
Authors: P V V Satyanarayana
1st Edition
9350568012, 9789350568019
