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Broadway Bank has a special deal where the account pays 1% compounded annually for the first year and 8% compounded annually for years 2,3 and
Broadway Bank has a special deal where the account pays 1% compounded annually for the first year and 8% compounded annually for years 2,3 and 4. How much will you receive back in four years if you deposit $1,000 in your account today?
- $1,335
- $1,308
- $1,312
- $1,272
- $1,102
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