Question
Compounding with Different Interest Rates A deposit of $800 earns interest rates of 10 percent in the first year and 8 percent in the second
Compounding with Different Interest Rates A deposit of $800 earns interest rates of 10 percent in the first year and 8 percent in the second year. What would be the second year future value?
a $950.40
b $880.32
c $1,744.00
d $944.00
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
