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Compounding with Different Interest Rates A deposit of $820 earns interest rates of 10.2 percent in the first year and 8.2 percent in the second

Compounding with Different Interest Rates A deposit of $820 earns interest rates of 10.2 percent in the first year and 8.2 percent in the second year. What would be the second year future value?

Multiple Choice

$970.88
$903.97
$977.74
$1,790.88

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