For more course tutorials visit
www.tutorialrank.com
4-5 Multiyear Future Value How much would be in your savings account in 11 years after depositing $150 today if the bank pays 8 percent per year? (LG4-3)
4-7 Compounding with Different Interest Rates A deposit of $350 earns the following interest rates:
a. 8 percent in the first year.
b. 6 percent in the second year.
c. 5.5 percent in the third year.
What would be the third year future value? Plus
