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Remaining Time: 49.5837 Suppose you deposit amounts of $6,000 now, $4,000 at the end of year 1 , and $10,000 at the end of year

Remaining Time: 49.5837\ Suppose you deposit amounts of

$6,000

now,

$4,000

at the end of year 1 , and

$10,000

at the end of year 2 into your savings account. The interest rate is

1%

now and increases to

11%

in the next year. How much will you have at the end of 2 years?\ Enter your response below rounded to 2 decimal places.

image text in transcribed
Suppose you deposit amounts of $6,000 now, $4,000 at the end of year 1 , and $10,000 at the end of year 2 into your savings account. The interest rate is 1% now and increases to 11% in the next year. How much will you have at the end of 2 years? Enter your response below rounded to 2 decimal places

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