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By looking at the history of your savings account, you learned the interest rate in each period during the last live years was as follows:
By looking at the history of your savings account, you learned the interest rate in each period during the last live years was as follows: The remaining balance at the end of each period will earn interest at the prevailing rate at the beginning of each period. For example, $1,000 deposit at n = 0 will earn 4% interest and any balance at the end of 1 plus $2 000 deposit will earn 3% interest and so on. How much would you have at the end of year 5 (right after $1,000 withdrawal)
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