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Elizabeth deposits $880 into an account. For the first two years, money in the account earns 4.8% annual interest. After that, the interest rate jumps
Elizabeth deposits $880 into an account. For the first two years, money in the account earns 4.8% annual interest. After that, the interest rate jumps to 6.8% annual interest. How much would be in the account at the end of 4 years? $880(1.048)^8(1.068)^8 $880(1.048)^2(1.068)^2 O $880(1.012)^2(1.017)^2 O $880(1.012)^8(1.017)^8
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