Question
Compounding with Different Interest Rates A deposit of $860 earns interest rates of 10.6 percent in the first year and 8.6 percent in the second
Compounding with Different Interest Rates A deposit of $860 earns interest rates of 10.6 percent in the first year and 8.6 percent in the second year. What would be the second year future value?
$951.50
$1,885.12
$1,032.96
$1,025.12
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Financial Markets And Institutions
Authors: Jeff Madura
9th Edition
1439038848, 978-1439038840
