A deposit of $250 earns the following interest rates: 10 percent in the first year. 8 percent in the second year. 7 percent in the third year. What would be the third year future value? (Round your answer to 2 decimal places.)

A deposit of $250 earns the following interest rates: 10 percent in the first year. 8 percent in the second year. 7 percent in the third year. What would be the third year future value? (Round your answer to 2 decimal places.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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Question

A deposit of $250 earns the following interest rates:

10 percent in the first year.

8 percent in the second year.

7 percent in the third year.

What would be the third year future value? (Round your answer to 2 decimal places.)

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