Multiple Choice
A deposit of $500 earns the following interest rates?
5 percent in the first year,
6 percent in the second year, and
8 percent in the third year.
What would be the third year future value?
A) $527.14
B) $595.00
C) $601.02
D) $1595.00
Correct Answer:
Verified
Correct Answer:
Verified
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